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UAE housing property prices fall by at least 30 per cent during 2009: Survey

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UAE housing property prices fall by at least 30 per cent during 2009: Survey - Real Estate - Property - UAE - Price Drop


According to the latest survey results by Arabian Business.com, property prices in the UAE are predicted to fall by at least 30% during 2009. More than 1,000 householders in the UAE took part in the poll during March to find out the true picture of the real estate market in the emirates.



60% of respondents expected a decline of between 30-50% in prices for freehold apartments this year. 26% saw a fall of 50%, 15% predicted a drop of 40% and another 19% expected a fall of at least 30%. Another 21% saw 2009 housing property price falls of between 10-20% while 9% predicted that prices would remain flat. Only 7% of people who took part in our Property Survey said they expected any kind of rise during 2009.

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