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Real Estate Briefing - Categorized | Middle East and Africa, Performance more

Dubai property reaches bottom, stabilises

Posted on 11 June 2009

From Maktoob.com: Dubai’s property market - down more than 50 percent in some areas from 2008 peaks - is bottoming out and showing signs of stability, a senior executive at real estate firm Landmark Properties said on Wednesday.

In certain areas of the city, homes are being taken off the market as prices reach levels where sellers are not getting their asking price, said Michael Michael, director of sales at Landmark Properties……..Full Article: Source


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