One year has passed since Dubai’s real estate sector started its downhill slide. Since then, investors have fled the market, prices and rents have dropped, property disputes have risen and many projects have been canceled or put on hold. Needless to say, it’s been a bumpy ride. But since the second quarter of this year, things have begun to stabilize. Prices and rents are more or less steady in many areas and developers have been consolidating in a bid to try to strengthen their financial positions. These are signs that confidence in the market is starting to come back. And while the worst may seemingly be over, the emirate is still expected to witness a tough year in 2010 as more units come online in a market where demand remains fairly weak. Slowly but surely Buyers are now “cautiously optimistic,” said Linda Mahoney, CEO of Better Homes. “We are seeing
