• HSBC

Dubai home prices to be flat till 2010

  • United Arab Emirates: Monday, October 06 - 2008 at 11:01

A new report by Colliers has found that home prices in Dubai are likely to remain flat until 2010 after five years of sharp gains. About 140,000 new homes will be completed in Dubai by the end of 2010, adding to the existing stock of about 300,000 units, the report noted. Home prices average $5,420 per square metre, or $504 per square foot, in Dubai, compared with $6,500 a square metre in Abu Dhabi, reported Bloomberg.

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