Dubai house prices and rents are set to fall 10% more in 2010 and not recover until 2012, as the resumption of some projects and completion of others weigh on an already-oversupplied market, according to a Reuters poll.

Dubai sent shockwaves through global markets late last year when it said it would request a standstill on billions of dollars of debt linked to Dubai World.

Residential property prices in the Gulf emirate, which boasts the world's tallest building, have fallen 53% so far from their peaks in 2008 due to the global downturn, according to the median estimate of 17 analysts at banks, investment firms and research institutions.