Thu, Oct 30, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Middle East and Africa, Research, Residential property Watch more

U.A.E. Home prices may fall 10pct to 30pct more as excess grows

Posted on 28 October 2011

Home prices in the United Arab Emirates, which have fallen by more than half since 2008, may drop by another 10 percent to 30 percent as developers add to supply in Dubai and Abu Dhabi while buyers dwindle.
Prices won’t show “any meaningful recovery” in the next five years, according to Saud Masud, an analyst at Dubai-based Rasmala Investment Bank Ltd. who reiterated a May estimate that values are likely to slip by another 25 percent to 30 percent. A drop of 20 percent was forecast by Arqaam Capital Ltd. in a report earlier this month………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031