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The price of Dubai property in 2009 has felt for nearly half compare to a year before, it’s the most depressing real estate market in the Middle East area. “Arab News” cited industry sources as stating that in April to June this year, Dubai property prices have down another 9 percent, making the city’s housing prices fell more than 48% compare to a year earlier. At present, Dubai real estate is only cost USD260 per square foot.

The industry thinks that Dubai’s real estate market depression is cause by the international financial depressionmade it tough to get property funds. Besides, the cancellation or deferred of property projects make hundreds of thousands of contruction labors losing their jobs and leaving. This induced the real estate recovery become even harder. Due to 90% of Dubai’s populations are foreigners, so a depressed real estate market in Dubai has stimulated the town population declining. Several analysts have forecasted that Dubai’s population will decline by 8% to 17% in this year.

Dubai real estate blast started in 2002 while the Government granted noncitizens to purchase houses in Dubai. Since then so many middle class and prosperous outsiders were flocking in to buy property here. At first, they were expected to generate money with the real estate, but the coming of the economy crisis has made them losing everything. Experts forecast that Dubai’s real estate market is unlikely to recuperate before the end of this year.

Now, in order to recover the property market in Dubai, The RERA Dubai (Real Estate Regulatory Agency) has once again been holding event to attract overseas buyers. Since 2005, Dubai International Real Estate Exhibition has successfully attracted the world’s nations with the overseas development scheme, and government departments to participate. In the past five years, hundreds of thousands of property industry related people have discovered investment opportunities through Dubai International Real Estate Exhibition. They have constituted dependable and cooperative relations with all exhibitors and constructors. Dubai International Real Estate Exhibition offering an international position, professional service for the international real estate agencies an ideal platform for overseas cooperation.

While the international economic is facing recession in 2009, Dubai International Real Estate Exhibition is still achieved satisfactory success. It has attracted 10,324 exhibitors, public developers, real estate companies and investors. In addition, the first time for the Dubai Real Estate Regulatory Agency (RERA Dubai) appeared on the exhibition has turned to the public eye for everyone. While the Dubai Real Estate Regulatory Agency (RERA Dubai) assured to formulate more positive real estate legislation for countries has been encouraging exhibitors as well.

2010 Dubai International Real Estate Exhibition going to offer better real estate development opportunities in various areas. Specially in the current financial crisis, the value investing has become more essential.

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