03 Jun 2010
(MENAFN) A recent economic report showed that Dubai house prices, which halved since mid-2008, may drop another 15 percent to 20 percent this year on an increase in supply as more real estate projects are completed.
Residential rents in Dubai are set to fall further in 2010 due to increased supply, while vacancy rates in Abu Dhabi’s office market are expected to rise to as much as 10 percent in 2011, according to another report.
However house prices in Dubai rose on average by two percent in the first quarter of 2010 compared to the same period last year, according to the latest house price index released by Colliers International in May.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year