The Dubai property market is expected to show signs of recovery in 2011 after a period of stability, according to a research note from Jones Lang LaSalle, the global real estate services firm.

The company said the region’s property market had reached a tipping point in the third quarter of last year as a result of the global economic downturn. Dubai, with an economy closely tied to international markets, has been one of the worst affected in the region, but the situation was expected to improve after a phase of consolidation.

'We see 2009 as a year of correction in the Dubai real estate market, with 2010 witnessing market stability ahead of a recovery in rentals and prices in 2011,' the report said.

The National