Real estate values in Dubai could plummet by 60 percent by the end of 2009, according to UAE investment bank Shuaa Capital.
Property prices in the emirate have already dived by 40 percent and rents could fall by 20 percent over the next two years, Shuaa analyst Roy Cherry told Arabian Business on Sunday.
"Prices in Dubai could lose 50-60 percent by the end 2009 from their peak last summer.
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