| 30.03.2009 - Dubai property prices plunge up to 70pc; may recover by 2011 |
| From Khaleejtimes.com: Freehold property prices in Dubai have plunged by as much as 70 per cent since March of last year but are poised to bottom out in another six months, real estate brokers said on Sunday. Dubai’s once-booming property sector will see its ongoing sharp correction continue until the start of this year’s fourth quarter. Prices will remain flat through 2010 but show signs of recovery by 2011, these brokers said.....Full Article: Source |