27.10.2008 - Property prices start falling in Dubai and Abu Dhabi
From Property Wire: Property sales in Dubai and Abu Dhabi have stalled and resale prices have dropped for the first time due to the global financial crisis, according to real estate professionals. Off-plan sales have been the hardest hit as speculators struggle to meet instalment plans due to difficulties finding finance. But they are finding it hard to sell on their properties because potential buyers are also finding it more difficult to secure loans..... Full Article: Source
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