| 12.06.2009 - A third of Dubai's homes may be empty by end of next year |
| From Bi-me.com: The vacancy rate in Dubai’s residential property market could double to about a third by the end of 2010 as the population declines and new buildings add to a glut of homes, UBS said. The amount of empty houses and apartments may increase from as much as 15% at the moment, Saud Masud, a Dubai-based analyst at UBS, said in an interview today. About 30,000 homes will be competed by 2011, Masud estimates. .......Full Article: Source |