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'Property to fall 10% on oversupply' - Reuters

'Property to fall 10% on oversupply' - Reuters

Old Jul 21st 2011, 11:33 am
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Default 'Property to fall 10% on oversupply' - Reuters

http://www.zawya.com/story.cfm/sidZA...emailmarketing

"Dubai's housing market still has nearly a third too much supply and prices will plummet by another 10 per cent, a Reuters poll showed on Wednesday.

Residential property prices in the emirate will fall 58 percent from a peak in the third quarter of 2008 according to the median estimate of 11 banks, investment firms and research institutions.

Rentals will, however, fall by five per cent in 2011 and one per cent next year, the median forecast showed.

Abu Dhabi rentals are expected to drop 10 percent this year and two per cent in 2012."


More on the link, although none of it is really a surprise...
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Old Jul 21st 2011, 3:17 pm
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Default Re: 'Property to fall 10% on oversupply' - Reuters

not surprised, on the way to your place today I saw at least 7 for rent signs
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