If 2013 marked the end of sleepless nights for those invested in Dubai property, then 2014 is time for them to start dreaming again. Property prices have gone up – between 15-30 percent within a year, according to various estimates – regulations are proving to be effective and banks are beginning to lend again, albeit in a more cautious manner following the mortgage cap implemented late last year. More importantly, the city’s successful Expo 2020 bid has added a sense of purpose to the construction industry and has boosted a lot of ancillary industries in the process.

But even as indices speak of rising volumes, investors come in all shapes and sizes, and more and more agents mushroom around prestigious properties, there has been growing concern of rental hikes and a return to speculation that triggered the collapse last time around.

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