dollar development: Creekside will be part of the Dubai Creek Harbour project, a 6.5 million square-metre district it building with Dubai Holding, according to Business Week. The multi-billion dollar development will have a marina, yacht club, hotels and stores. Creekside 18, with 480 apartments spread across two towers, will hit the market on 12 September, according to Emaar website. Dubai housing market, the biggest and most volatile in the Middle East, is in the doldrums as falling oil prices, weaker currencies in Europe and Russia and an abundance of properties on the market damp demand. Gone are the days where we see queues of potential investors lining the streets waiting for their opportunity to buy, Matthew Green, the Dubai-based head of United Arab Emirates research at CBRE, said by phone Wednesday. Home prices dropped by 12.2 per cent in the 12 months through June, the biggest decline among 56 residential markets tracked by broker Knight Frank.
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