Dubai To Get 28,000 New Units This YearTuesday, March 31, 2009
A new report by EFG-Hermes report says 28,000 units will be delivered in Dubai this year, as against an expected 33,000 units handed over in 2008. The assumptions on the supply numbers are largely based on units that have been sold in the previous years and are likely to come on the market as they get delivered, and expecting 'little or no new inventory will be released for sale during 2009'. The report cited the need for structural improvement of the legal framework, increased transaction security and better transparency to restore investor confidence and full-fledged recovery of the Dubai property market. Source: AME Info
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