Dubai's property market requires an additional 10-20% supply to control rising rents, according to Imran Farooq, CEO of Samana Developers. The current undersupply has led to rapid sell out of new property launches with some developers selling their entire inventory within hours.

Imran Farooq emphasized that demand is outpacing supply, pushing rents higher each year, making the city less affordable for tenants. 86,000 off-plans units were launched this year and it is anticipated that the total will reach to 126,000 by end of the year. This may help with the rising rents and property prices but but experts warn it may take years for supply and demand to stabilize.

Leading developers like Emaar, Nakheel, Damac, Danube Properties, Samana Developers, Binghatti and Sobha Group have contributed 90% of the new launches this year. Though landlords are able to raise rents quickly, more supply is needed to ensure the market remains affordable and sustainable in the long run.

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