Dubai named as one of the worst performing property markets

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Nicholas Wallwork

Nicholas Wallwork

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Dubai is one of the worst performing real estate markets in the world but the rate of price decline is slowing, according to a new global property report. The emirate’s troubled property market, which has seen prices fall by up to 64% in some locations, was the ninth worst performing market in the world last [...]

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BobbytheBuilder

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I was having a good day until I read this post.
 
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crendonman

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Dubai is one of the worst performing real estate markets in the world but the rate of price decline is slowing, according to a new global property report. The emirate’s troubled property market, which has seen prices fall by up to 64% in some locations, was the ninth worst performing market in the world last [...]



64% and still falling!!!!:stupid:

High end stuff (Villas) are moving higher now but the majority of Apartments and Condos are still falling by 10 - 15% over the next six months.

Review any purchase end Q1 2012

Cheers
 
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