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Deutsche: UAE property prices to fall 20% further
- United Arab Emirates: Thursday, June 11 - 2009 at 14:00
a report by Deutsche Bank has predicted that property prices in the UAE could fall by a further 15% to 20%, fuelled by an exodus of expatriates and a glut of property, Bloomberg has reported. Although Dubai will be most affected the report notes that Abu Dhabi will not benefit from its housing shortage as residents will be eaasily able to commute from Dubai, which will be oversupplied.
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StaffThursday, June 11 - 2009 at 14:00 UAE local time (GMT+4)
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