Property prices in sunny Dubai have already dropped 48% since last year, and they are about to fall another 20% according to research firm Colliers International. The global economic crisis has taken its toll in Dubai as in most other places, and as more completed developments reach the market, prices are falling quickly as demand drops away. This is not predicted to change until demand once again outstrips supply.
Posts Tagged ‘property market in dubai’
Dubai Property Prices Dropping As Oversupply Floods The Market
by OP-Mall on Wednesday, October 28th, 2009 in Dubai Property
Dubai Property Market & Economy In Free Fall!
by OP-Mall on Wednesday, February 18th, 2009 in Dubai Property, International Real Estate Trends, Middle Eastern Property, UAE Property

Newspapers have reported that more than 3,000 cars belonging to debt-ridden expats have been abandoned in Dubai’s international airport car park. These scared, unemployed expats have taken off due to fears of ending up in a Dubai prison for their inability to pay their outstanding bills.
Dubai Property Prices Falling
by OP-Mall on Monday, November 10th, 2008 in Dubai Property, Jebel Ali

Homes on Palm Jumeirah Island
It’s not news that Dubai’s property market is expected to experience corrections next year and according to Morgan Stanley gradually decline by up to 10 percent by 2010. However, a real bombshell was dropped last Thursday when Arabian Business reported that Palm Jebel Ali’s island prices have depreciated some 40 percent in the last two months.



