29.06.2009 - Dubai real estate asking prices still unrealistic
From Seekingalpha.com: The four-way merger of Dubai property companies led by Emaar Properties, and the Nakheel led consolidation of Dubai World property interests is major progress towards sorting out the mess left by the Dubai real estate crash at the corporate level. But down-on-the-ground in the property marketplace another problem is inhibiting recovery, aside from the continual dumping of massive amounts of newly completed property onto a declining market: sellers are still not being realistic about their asking prices........Full Article: Source