| From Kippreport.com: Dubai house prices will sink another 11 percent before troughing in 2012 despite already having crashed 58 percent from their 2008 peak, as oversupply delays any hopes of a recovery, a Reuters poll found.
Dubai’s property market, which boasts the world’s tallest building and man-made islands in the shape of palms, was hit hard by the financial downturn, although debt concerns have eased after state-owned conglomerate Dubai World’s $25 billion debt deal last month..............................................Full Article: Source
|