Thursday 29 January 2015

S&P adds to bearish voices on Dubai residential property market | The National

S&P adds to bearish voices on Dubai residential property market | The National:



"Dubai home prices could fall by as much as 20 per cent this year, says a top ratings agency.



Standard & Poor’s expects the property market to suffer from increased supply and weakening investor sentiment triggered by the tumbling price of oil.



It is the latest bearish view on the emirate’s residential property market, which peaked last year."



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