The report’s main finding are that liquidity tightness is more likely to slow rather than collapse Dubai’s economy. As a result, its outlook for Dubai real estate - particularly government-backed developers - remains positive.
In particular, the report states that concerns that have been raised over the viability of the local Emaar’s projects have been deemed too harsh. In spite of any specific percentage fall in property prices, land prices rose approximately 50 per cent in the first half of 2008, therefore there is little change overall.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.