Soaring housing prices in Dubai are likely to peak in 2009 before falling at least 15 percent as the Gulf emirate takes measures to weed out short-term speculators, a Reuters poll showed on Tuesday.

Residential property prices in the desert city, home to palm tree-shaped islands and an indoor ski slope, are likely to jump 35 percent this year, according to the median of forecasts from 10 analysts at banks, investment firms and research institutions.

Price growth will probably slow to 8.5 percent next year, when five of nine analysts expect prices to hit a peak after double-digit increases in each year since Dubai opened its property market to foreign investment in 2002.

Dubai house prices to fall 15% - Real Estate - ArabianBusiness.com