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Dubai property shows signs of stabilising, says Standard Chartered

Posted on 11 June 2009

From Ameinfo.com: A new report by Standard Chartered says Dubai’s property market is beginning to stabilise as mortgages become easier to obtain.
‘The end of the freefall is encouraging,’ Philippe Dauba- Pantanacce, a Dubai-based senior economist at Standard Chartered, said in a report issued yesterday. ‘Yet we would argue that this market had to correct from past excesses and further declines cannot be ruled out.’…….Full Article: Source


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