Dubai’s Red-Hot Property Market Braces for Slowdown Next Year

Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city.

The Egyptian couple, who spent eight years renting in the emirate, are selling their two-bedroom apartment in the Jumeirah Village Circle district on the edge of Dubai for a 26% premium over the 1.7 million dirhams ($460,000) they paid for the property in March.

Habib is hoping to secure a larger property for her family of three for the same price or less.

“For many years, we’ve paid someone else’s mortgage because we were scared to buy in ...