11.06.2009 - Dubai property shows signs of stabilising, says Standard Chartered
From Ameinfo.com: A new report by Standard Chartered says Dubai's property market is beginning to stabilise as mortgages become easier to obtain. 'The end of the freefall is encouraging,' Philippe Dauba- Pantanacce, a Dubai-based senior economist at Standard Chartered, said in a report issued yesterday. 'Yet we would argue that this market had to correct from past excesses and further declines cannot be ruled out.'.......Full Article: Source