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Dubai property valuation turns into guessing game

Posted on 16 December 2010

From Thenational.ae: The economic downturn in Dubai has turned the science of property valuation into something of a guessing game, industry experts say. Richard Paul, an associate director in Dubai for the consultancy Cluttons, said it was “very, very difficult” to place an exact price on property, said.
The old formulas simply do not work in the current market, analysts say. In many areas there are few or no recent transactions to use for comparisons. And prices paid a few months ago may not have any relevance today……………………………………….Full Article: Source

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