| 12.06.2009 - UBS sees Dubai property prices falling 40% |
| From Arabianbusiness.com: Property prices in Dubai will have fallen another 40 percent by the end of 2010 when one in three homes will be vacant, UBS said on Thursday. “From our vantage point we think we’re still relatively early in the cycle,” analyst Saud Masud said in an interview about recent reports that Dubai real estate prices are showing signs of stabilising. "We believe the fundamentals are weakening as we speak.”.......Full Article: Source |