Dubai property prices stabilised in the final quarter of 2009 after a year of declines, data from Colliers International show.

The Colliers Dubai House Price Index, which compiles mortgage data across freehold developments in the emirate, shows house prices ended the year at levels last seen in June 2007. 'We have now seen for the last two quarters the index remain fairly stable,' said Ian Albert, the regional director of Colliers, the property consultancy.

The National