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Dubai house prices, already off some 60 percent from their peaks, are set to fall a further 10 percent in 2010, a Reuters poll showed, as the emirate's debt crisis will likely delay a property sector recovery to 2012. Dubai rocked the financial world on Nov. 25 when it said it would ask creditors of Dubai World, the conglomerate behind its rapid expansion, and Nakheel, builder of its palm-shaped islands, to agree to a standstill on billions of US dollars of debt as a first step to restructuring. "On a long term (view) we expect the crisis will limit the supply of properties in the market due to the decrease in liquidity and financing," said Sajeer Babu, an equity analyst at National Bank of Abu Dhabi, adding the bank expected property prices to fall another 10 to 15 percent before any major recovery in prices. More than 500 projects have been suspended or canceled in the United Arab Emirates, with Dubai the most severely affected of the seven emirates that make up the federation, Dubai-based research firm Proleads said in September.