27.02.2009 - Residential property prices in Dubai can fall up to 50 per cent: RERA Chief
From Gowealthy.com: According Marwan Bin Galita, Chief Executive, Real Estate Authority (RERA), the rents of residential properties in Dubai have been declining and could fall up to 40-50% by the end of this year as the market cools off. This comes amid a 45% decline in land transaction value in some areas. However, contrary to earlier anticipated 31,003 units to come for delivery in 2009, around 20% of residential properties may not be available. .... Full Article: Source
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