Dubai Bank

Dubai Bank Dubai Bank, Dubai, United Arab Emirates Experts predict that prices of residential property in Dubai may fall another 15% before stabilizing.

Dubai real estate prices may suffer a fall this year bringing prime property within the reaches of many, but will start moving up before the year is out. On May 17, Bloomberg Business Week reported Bank of America Merrill Lynch having said prices of centrally located property in Dubai will settle down after the recent price drop of nearly 45 percent. Dubai based analysts have suggested investors t

hat prime assets may soon reach a floor. If we couple these news with that of the IIF expecting an average economic growth of 4.4 percent in the Gulf region this year, then it is safe to assume Dubai real estate prices will hit the floor and swing around in 2010 itself.

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