United Arab Emirates: 9 hours, 42 minutes ago
Property prices in Dubai are likely to see further decline amid concerns over the availability of finance, Reuters has reported, citing analysts. 'The news plays on investor psyche and house prices may slide a further 20%-30% earlier than our existing view of second half of 2011,' Saud Masud, UBS' head of research and senior real estate analyst said. Similarly, Nicolas Maclean, managing director of CB Richard Ellis said uncertainty over Nakheel's liabilities will impact the developer's property pricing, but will only have a knock-on short-term effect for property by unrelated developers.
United Arab Emirates: Thursday, October 29 - 2009 at 16:39
A number of market reports released at the beginning of Q4 2009 have broadly concurred on the state of Dubai's property market. The consensus appears to be that while villa sale and leasing prices will broadly stabilise from September onwards, apartments are likely to come under further pressure as new units come online over the next two years.
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