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w property projects in Dubai Property this year, the impending plunge in property prices in the emirate has been delayed. In the current scenario Christian Louboutin Piou Piou 80mm Pumps Leopard outlet of Dubai Property market, the residential property prices will soar to their zenith, possibly by the later half of 2008 before falling down. In other words, the prediction made by Dubai Property analysts last year that property rates in Dubai Property would fall in 2008 has been put off for another year.
2007 has been a slow year in terms of the number of completed projects handed over in the Dubai property Property market. Of the estimated 57,000 property units due to be completed, only 11,000 have come up so far. The supply demand ratio of residential property units in Dubai Property has to be revised in order to accommodate the estimated 25,000 residential units for 2007, 64,000 for
Christian Louboutin Lady Highness 160mm Mary Jane Pumps Black outlet 2008 and 68,000 for 2009. The demand for residential units in Dubai Property has been on the rise and will continue to do so in direct proportion to population growth in the coming years. By 2010, the population of Dubai Property will be around 2 million and to meet this demand, on an average 45,000 housing units are required every year.
According to Dubai Property market analysts, property rates will soar by 10 15 percent and 5 10 percent in 2007 and 2008 respectively. By 2009, property prices in Dubai Property will begin a downward journey resulting in
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