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

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.