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U.A.E. House Prices Likely to Drop an Additional 25% to 30%, Rasmala Says

By Implode-Explode Heavy Industries

"Home prices in the U.A.E. have declined as much as 55 percent from their peak in 2008, analystsSaud Masud and Divya Arora wrote in a reported dated today. ?In the absence of significant catalysts -? including consolidation, privatization, banking and immigration reforms, etc --? we expect the U.A.E. property sector to remain range-bound in the foreseeable future,? they wrote."

Full post as published by Mortgage Lender Implode-o-Meter on March 10, 2011 (boomark / email).