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Saturday, 21 November 2009 02:07 UAE time

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Dubai property market 'may take 10 years to rebound'

Dubai property market 'may take 10 years to rebound'

Real Estate
UPDATE 2: UBS predicts slow recovery for sector, says prices may slip further 30%.

  1. Dubai house prices seen falling up to 30% in 2010
  2. Dubai house prices up 7% in Q3 - Colliers

Qatar house prices set to fall 15% next year
Real Estate
Expert says construction sector to grow 40%, boosted by infrastructure projects.

Saudi's Tanmiyat eyes projects outside GCC region
Real Estate
Developer says it is in negotiations for projects near the Caspian Sea amid expansion plan.

Abu Dhabi's maximum rent rise set at 5%
Real Estate
New rules also see contract extended from 4 to 5 years in bid to stabilise market.

more »MIDDLE EAST REAL ESTATE COMMENT

Time for agents to pay up
Anil Bhoyrul argues that estate agents must take the blame for the impending evictions on Discovery Gardens.

 Anil Bhoyrul  

Cityscape 2009 - a reality check
After the A-list celebs of last year, Dubai's property show is set to be a low key affair, says Damian Reilly.

 Damian Reilly

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Tamweel, Amlak merger seen in Q1 2010

Construction & Industry

  1. Dubai plans start-up help for expat entrepreneurs

Culture & Society

  1. UAE announces Eid and National Day holidays

Education

  1. $5.34bn plan to build 3,200 new Saudi schools

Energy

  1. $4.4bn Abu Dhabi oil project contracts awarded

Healthcare

  1. Kuwait tops Mideast list for swine flu cases

Islamic Finance

  1. Moody's sees 50% surge in sukuk issuance this year

Media & Marketing

  1. Rupert Murdoch signs up to Abu Dhabi media summit

Personal Finance

  1. Credit bureaus combine to form regional group

Politics & Economics

  1. UAE will not drop US dollar peg – cenbank chief

Real Estate

  1. Dubai property market 'may take 10 years to rebound'

Retail

  1. UAE key market for new retailers - survey

Sport

  1. Westwood leads Race to Dubai at end of second day

Technology

  1. Paltel says deal with Kuwait's Zain is off

Transportation

  1. Somali pirates free UAE-owned cargo ship

Travel & Hospitality

  1. Dubai's Jumeirah Group plans hotels in Brazil

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more » BUSINESS FEATURES

A sober affair

This year’s Cityscape Dubai had a very different feel to it from 2008’s blistering assault on the senses.


more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Operational Auditing & Management Effectiveness Analysis
    1 November 2009 | Dubai, United Arab Emirates
  2. Higher Corporate Contract & Project Legal Management Skills
    1 November 2009 | Dubai, United Arab Emirates
  3. Managing The CAD Department
    1 November 2009 | Dubai, United Arab Emirates
See all events »

MORE REAL ESTATE STORIES

  1. Bahrain real estate market held back by delays, traffic - CBRE
  2. Free legal advice move 'too little, too late' - poll
  3. Luxury Dubai developer eyes Saudi for new project
  4. Firm offers guaranteed returns to hotel investors
  5. Union Properties posts Q3 loss
All Real Estate news stories »

SPOT POLL

Do you think there are too many banks in the UAE?

Yes, there aren’t enough people to support them all, so there should be some mergers.
No, you need to have smaller banks, especially post financial crisis.
No, banks from certain countries, like India with a huge expat population here, are under represented.
Who cares, the service is terrible wherever you go.
ArabianBusiness.com/Jobs - Middle East Jobs Search
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    Industry: Construction
    Location: Dubai, UAE
Browse all jobs »

READER COMMENTS

Reader Comments (24 hrs)

  1. Dubai property market 'may take 10 years to rebound' 1
    20 Nov ' 09 at 05:21
    Well done JohnA, you've nicely listed some empty villa's. Was trying to point out a possitive trend in Dubai (and the region for that...   More  »

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