Dubai Real estate market tends to stabilize

Source: Internet
Author: User
2009, the fourth quarter rose 1% Sun Ruijun "Abu Dhabi, January 19 (Xinhua) high-Strength International Real Estate consulting services company released 19th data showed that the fourth quarter of 2009, Dubai prices rose 1%, has now resumed to the second quarter of 2007 level.  Gao Li International said that this shows that the Dubai real estate market began to stabilize. Data also showed that in the fourth quarter of 2009, Dubai prices fell 42% year-on-year, Dubai Real estate market volume fell by 15%.  But the company believes that this is mainly due to seasonal adjustment, not affected by the "Dubai World" debt turmoil at the end of 2009. In a report 18th, Dibaichoua Capital forecast that with 26650 apartments to be put on the market in 2010 and a 3.6% reduction in the number of local populations, Dubai real estate prices will fall by 10% in 2010.

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