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Dubai house prices to slide up to 15pct by year-end

Posted on 19 August 2011

House prices in Dubai’s battered real estate market will slide a further 15 percent by the end of 2011 as fresh supply floods an already glutted market, analysts said in an Arabian Business poll.

The Gulf’s worst-performing real estate market over the last three years has seen rents and prices more than halve from their 2008-peak, but residential costs have further to go, analysts said……………………………………….Full Article: Source

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