24.06.2009 - Dubai rents headed lower; house prices stable
From Maktoob.com: Rental prices for apartments in once-boomtown Dubai are expected to fall further in the third quarter, real estate firm Landmark Advisory said on Tuesday, adding more evidence to reports that prices will drop by another 20 percent before the year ends. But Landmark Advisory's Dubai Price Map for June contained a glimmer of hope - sales of distressed properties are largely finished in the emirate as sellers refuse to lower existing prices and buyers, in some instances, paying higher rates for sought-after homes.......Full Article: Source
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