Housing prices in Dubai will fall by another 20 percent this year, and has only 20 percent chance of picking up before 2011, reveals the latest Reuters poll results by ten analysts at Banks, investment firms and Research institutions.Among 10 forecasters, three agreed that they expect the prices to hit a bottom during second half of this year, while three predicted that it would happen only by 2010. One forecaster said that prices would grow by 10 percent from now in 2010. Five of the analysts hope that prices would fall further 20 percent or more this year, and an additional 15 percent next year, before attaining stability in 2011. Posted on 16/6/2009
Read more news
> UAE focusing on new laws to boost investments
> Increase in property ownership among GCC nationals in UAE
> Sharjah mulls granting permits to non-GCC nationals for owning of properties
> Offenders of housing fee regulation likely to be blacklisted
> Mubadala, US group, launch new joint venture firm
> Housing Fee in Dubai to be collected every month
> Nakheel announces second phase of debt payments to creditors
> Under-declaration of housing fee may lead to legal action
> Burj Khalifa announces service charges for the year
> Housing fee mandatory since January 2011
|
Hotels
Restaurants
Property
Jobs
Sports
Entertainment
Business
Directory
