EFG Hermes on Monday confirmed that real estate prices are falling in Dubai and said it could take more than two years for prices to pick up.
“We don’t really have an understanding of the full …

The classified ads in Dubai read like an obituary for a real-estate market that until a few months ago seemed immune from the global credit crisis.
A Turkish investor, who identified himself as Sebat, took out …

Many real estate agents in Dubai have not sold a single property in the last month as the property downturn continues, according to a survey.
A ’self perpetuating panic’ has set in and lending restrictions and …

This Arab Gulf boomtown – so business-friendly it’s been called “Dubai Inc.” – is suddenly getting a nasty taste of the global financial crisis.
Housing prices are falling for the first time in years, and shares …

House prices in Dubai surge again during the third quarter, while rental growth continued to slow, broker Asteco said in a report published on Monday.
Asteco said villas witnessed the strongest growth in sales prices quarter-on-quarter, …

Richard Waryn has lived in Dubai for only two months but he already is certain that the glitz capital of the Mideast lives up to its go-go reputation. What he is not so sure about …