Hi Folks

Over all prices in the UAE property market increased in Sep 2008 with highest recorded for Dubai with 17% followed by Abu Dhabi with 11%. This price hike is gearing up again after a moderation introduced this summer. Some of the sources said that Dubai seems to be stabilizing thereby compressing rental yields. On the other hand when we see that things are reached a level where Affordability is getting violated. Interestingly the government is in a full control to manage housing supply through its direct and indirect ownership in Dubai