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