Monday 4 April 2011

Dubai property for sale or rent falls by 40% as oversupply shrinks « ArabianMoney

Last June ArabianMoney did a search on the propertyfinder.ae website and found 32,000 properties for rent or sale. Today that total is a little over 19,000, a 40 per cent drop in vacant property in nine months. Most significantly the number of units available for sale is down by more than half to 4,900.

Is the great property oversupply story being exaggerated? Probably not because there are many projects coming up to completion, and there are other towers that are completed and have not been put on the market.

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