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FINANCIAL NEWS
Moody’s sees more suffering for Dubai’s realty prices
25 Oct 2011
(MENAFN) Moody’s, the global rating agency, said it expects Dubai’s property prices to suffer more over the next five years because of the oversupply, Arabian Business reported.
House prices in Dubai hiked after opening its real estate sector to foreign investors in 2002, granting them freehold ownership rights at many developments.
However, Dubai’s realty bubble burst at the wake of global economic woes and a debt crisis at home, which led to many projects being put on hold or cancelled while house prices declined 60 percent from their 2008 peaks.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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