Dubai named as one of the worst performing property markets

[Nicholas Wallwork]

Dubai is one of the worst performing real estate markets in the world but the rate of price decline is slowing, according to a new global property report. The emirate’s troubled property market, which has seen prices fall by up to 64% in some locations, was the ninth worst performing market in the world last [...]

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[BobbytheBuilder]

I was having a good day until I read this post.

 

[crendonman]

Dubai is one of the worst performing real estate markets in the world but the rate of price decline is slowing, according to a new global property report. The emirate’s troubled property market, which has seen prices fall by up to 64% in some locations, was the ninth worst performing market in the world last [...]



64% and still falling!!!!:stupid:

High end stuff (Villas) are moving higher now but the majority of Apartments and Condos are still falling by 10 - 15% over the next six months.

Review any purchase end Q1 2012

Cheers