05.09.2011 - Dubai residents say house prices to fall up to 20pct
House prices in Dubai will fall up to 20 percent by the end of the year, readers in an Arabian Business poll have said, a steeper decline than that pegged by property analysts in the emirate. Some 38 percent of respondents said the Gulf’s worst performing real estate market would see a 20 percent slide in prices, a deeper rout than the 15 percent forecast by analysts this month. A further 37 percent of the 350 readers polled said residential prices were still in decline, but put the expected drop at 15 percent, with 11 percent believe house prices had hit bottom. (Press Release)