Colliers International revealed that the prices that rose 2 percent in the first quarter will be pressurized by the completion of a number of new homes in Dubai later this year.

Colliers estimated that 41,000 residential units will enter the market by the end of 2010. It is a global real-estate-services firm. Colliers shared that the house prices in the first quarter were on equivalence with 2007 levels, escalating to 1,061 dirham a square foot from 1,037 dirham, a year earlier.