Following up on
today's story about prices rising slightly in 13 key neighborhoods of Dubai,
Sherwoods Independent Property Consultants just added their two cents.
Iseeb Rehman, the managing director, wrote: "I would say that the prices have been corrected to reasonable levels, which has created more value offerings to buyers and investors. The positive signs we are seeing should result in more tangible proof of growth around the fourth quarter of 2009, during which property prices will further stabilise and we can also expect a marked increase in property investment."
Check out the statement:
PR-Sherwoods-Market Recovery-English.doc
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