20.10.2011 - U.A.E. property prices, rents may drop further 20pct, Arqaam says
Property prices and rents in the United Arab Emirates may drop a further 20 percent this year and next because of excess supply, Arqaam Capital said. “There is a further leg down to the U.A.E. property market before residential prices and rents recover,” analyst Mohammad Kamal wrote in a report dated yesterday. “We see a further 15 percent to 20 percent in downside to prices and rents in financial year 2011 and 2012.”.............................................Full Article: Source
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