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Article: Dubai housing prices nearly halved but expected to stabilize.
- Article from:
- The Daily Star (Beirut, Lebanon)
- Article date:
- August 4, 2009
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Byline: Daily Star Staff
Summary: House prices in Dubai's battered property market are likely to stabilize by the fourth quarter, reflecting improving sentiment in global property markets, Colliers International said on Monday. Prices in the Gulf emirate, which boasts man-made islands in the shape of palm trees, fell 9 percent in the second quarter from the previous one.
Jason Benham
Reuters
DUBAI: House prices in Dubai's battered property market are likely to stabilize by the fourth quarter, reflecting improving sentiment in global property markets, Colliers International said on Monday. Prices in the Gulf emirate, which boasts ...