Dubai's Empty Homes 'To Double' By End 2010

Thursday, June 11, 2009

The number of vacant properties in Dubai could double from 15% currently to 30% by the end of 2010, according to UBS, Bloomberg has reported. UBS bases the estimates on new supply coming online and a reduction in population. UBS previously stated that it estimated that Dubai's population would fall by 8% in 2009 and a further 2% in 2010.

Source: AME Info

Get Expert Advice!
Bayut.com Community

Bayut.com Awards & Achievements