TITLE

Dubai needs to rebuild trust

PUB. DATE
August 2008
SOURCE
MEED: Middle East Economic Digest;8/15/2008, Vol. 52 Issue 33, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the status of the real estate market of Dubai, United Arab Emirates. The author opines on the deteriorating condition of the global real estate industry in 2008 and on Morgan Stanley & Co. Inc.'s forecast on fall in Dubai property prices by 10% by 2010 when supply outplaces demand. The author comments on the fall in investor confidence in the real estate market. The author fears that the rest of the region will follow Dubai if it shows depreciation in real estate market.
ACCESSION #
34414398

 

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