Dubai's real estate sector will not see a recovery until 2011 at the earliest due to an oversupply of properties, Jones Lang Lasalle has predicted.

In its latest report on the emirate's homes market, which has seen price falls of more than 50% in some areas from peaks on summer 2008, the property research firm said a total of 22,000 units were expected to be completed this year.

Its study of Q1 prices also saw a further 25,000 units coming online in 2011, bringing the total residential stock to about 320,000 by the end of 2011.

arabianbusiness.com