Published : 7 Mar 2018 , Source : TRT World
Dubai’s once-booming property market is firmly in a slump.
House prices have been falling in Dubai in recent years, with S&P Global Ratings warning that the trend is expected to continue until at least 2020.
House prices in 2009-2010 plunged more than 50 percent from their peaks, pushing Dubai close to a debt default.
To try and turn things around, officials are planning a series of road-shows in key international markets this year, like the US, Russia and in particular, China.