Dubai Real Estate Expects Fresh Decline In Prices

Just a day after the chairman of Emaar Properties, Mohamed Alabbar, suggested that the prices have achieved some stability, there are fears that the new Homes in Dubai may cause a considerable decrease in the prices. On the sidelines of the Arabian Business Achievement Awards, Alabbar said, “I believe overall prices have stabilized; I think they are still holding reasonable value to, say, two years ago, so I believe the worst is behind us”