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House prices in Dubai to stabilize by Q4

House prices in Dubai to stabilize by Q4

Property prices dropped by...

August 3, 2009 2:34 by



Residential prices in Dubai’s property market may stabilize by the fourth quarter of 2009, according to property consultants, Colliers International. Property prices dropped 9 percent in the second quarter of the year as compared to the first quarter, said a report by Colliers. In the first quarter of 2009, prices had fallen 41 percent from the fourth quarter of 2008.

“We would hope that by the fourth quarter, we would have arrested the decline and are looking at stabilization,” Ian Albert, Colliers’ regional director told Reuters. “I don’t think you can disconnect Dubai from the global community. Any positive news from around the world will have a positive impact on Dubai.”




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2 Comments

  1. Dee Bee on August 4, 2009 7:19 am

    Just how many more of these reports are going to be published?? There seems to be one every week. Who do we believe and why? Kipp must have received all of these (if the PR agency is any good). Why not report on the reports of 09?

     
  2. marhabahome on August 8, 2009 11:17 am

    Good news from property consultants.We are also expecting such real estate stabilisation.

     

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