Dubai prices starting to bottom out, says cluttons

Dubai house prices are "bringing a feeling that they are close to bottoming out" according to real estate firm Cluttons.

In a statement the firm, which has recently taken on board 10 new members of staff "to meet demand in the New Year", said: "Despite the negativity arising from the ongoing economic turmoil in Europe and the US, Cluttons notes that the Dubai real estate market ends the year with more positivity than seen in the previous three years."

Source: OPP