Dubai property prices to fall
United Arab Emirates: Monday, January 22 - 2007 at 08:21
A minimum of 125,000 residential units will be released on to Dubai's property market by 2009, according to a report by Shuaa Capital and Colliers International and cited by Gulf News. The report predicts that more than 70,000 units will be released this year, with a further 40,000 next year. It is thought demand will not keep pace with supply and prices will soften, especially in the high-end apartment sector.
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Jonathan Sheikh-Miller, Deputy EditorMonday, January 22 - 2007 at 08:21 UAE local time (GMT+4)
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This Article was updated on Tuesday, January 30 - 2007
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