Dubai facing further trouble as sales could crash 10pc

Analysts continue to worry that Dubai's housing market could experience further delays in its recovery path and that sales volumes could crash by another 10%, as the city state faces a slowdown as a result of the global financial situation and the European sovereign debt crisis.

"Abu Dhabi and Dubai are not out of the woods yet," says Patrick Rahal, manager for asset management at The First Investor bank in Doha.

Source: OPP