AA Properties Dubai Real Estate Broker

 
 
You are here:: Home
 
 

Dubai property prices may fall 20% more, says report

E-mail Print PDF

Dubai property prices may fall 20% more, says reportA new study by Credit Suisse Group predicts that Dubai house prices may drop another 15% to 20% this year on an increase in supply as more real estate projects are completed, Bloomberg has reported. "We expect residential prices to decline by another 15-20% in Dubai as the oversupply gap peaks in 2011," Dubai-based analyst Ahmed Badr wrote in a report.

"We expect Abu Dhabi's residential prices to come under pressure as new supply comes online, thus narrowing the price gap with Dubai despite the continued supply shortage and the strong replacement demand."

 

 
 
 
 

Dubai is considered one of the most profitable real estate opportunities in the world today. This premier tourist destination is also becoming home to a rapidly increasing number of foreigners. With growth a rate of more than 50% over the past five years and more than USD80 billion in real estate projects underway, this tax fee capitol is the perfect investment prospect, promising unmatched returns. Unique developments such as the Palm Jumeirah and The World, together with the region’s booming economy and insignificant crime rate, secures Dubai as one of the safest investments today.

Support Center

AAPD Real Estate Broker is your independent real estate agent in Dubai. We have a global network of investors, real estate businesses and project developers.