tag:blogger.com,1999:blog-21620361.post3517203072055882792..comments2009-04-21T10:40:32.680+04:00Comments on grapeshisha: GCC property at the bottom of the barrel?grapeshishahttp://www.blogger.com/profile/00647015483310802719noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-21620361.post-63768712174699787912009-04-21T10:40:32.680+04:002009-04-21T10:40:32.680+04:00The establishment I work for has property on Sheik...The establishment I work for has property on Sheikh Zayed Road in TECOM. The lates valuation has saw a decrease of 60% in value of the property.<br /><br />This is destroying our balance sheet.Spear The Almightyhttp://www.blogger.com/profile/11234873551632663281noreply@blogger.comtag:blogger.com,1999:blog-21620361.post-39832182497606816152009-04-21T10:07:40.053+04:002009-04-21T10:07:40.053+04:00It's hard to see how rents and property prices wil...It's hard to see how rents and property prices will recover anytime soon in Dubai with persistent oversupply weighing on the market. Particularly as there is no visibility of economic growth drivers for the Emirate - Real Estate, Tourism, Finance and Trade are all sluggish at best.<br />I expect the rental market to soften further calling into question the misleadingly attractive looking yields shehabhttp://www.blogger.com/profile/10798193220606184696noreply@blogger.com