Poor Outlook For Dubai Property Market
The Dubai real estate industry appears to be starting to feel the pinch, alongside many other property markets across the world with Dubai property analysts showing that freehold property prices are falling in the country.
In the past 12 months many freehold properties have fallen in price – in some extreme cases, by up to 70 percent. Many real estate agents are pessimistic about the future and believe that the real estate market still has a little way to fall before it hits the bottom.