| 01.06.2009 - UAE property market starting to bottom out -HSBC |
| From Reuters: The real estate market in the United Arab Emirates is beginning to bottom out as prices stabilise, but values could still fall further as more property comes onto the market, HSBC said in a report released on Sunday. Agreed prices in the UAE rose 4 percent month-on-month in April and 5 percent in May, but were still 23 down from a peak hit in September 2008, the report said.......Full Article: Source |