Dubai house prices, have halved since mid-2008, and may drop another 15 percent to 20 percent this year on as more real estate projects are completed, Credit Suisse Group said,
Real estate services company CB Richard Eliis (CBRE) said it expects 31,194 new homes in 2010, 29,388 in 2011 and 21,870 in 2012.
However house prices in Dubai rose on average by two percent in the first quarter of 2010 compared to the same period last year, according to the house price index released by Colliers International in May.
