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UAE: There is ‘no negative sentiment in the market’

Posted on 02 October 2008

From Business24-7.ae: Dubai-based real estate players have predicted an upturn in the UAE market owing to price stability in Dubai and Abu Dhabi’s real estate sector. Having a currency pegged to the relatively weak US dollar is continuing to be beneficial for investors making Dubai look attractive for European investment.

Emirates Business spoke to a cross-section of developers in order to feel the pulse of the sector in Dubai amid negative sentiments in the market. Manal Shaheen, Director of Sales, Marketing and Customer Service for Nakheel; Nasser Rafi, Managing Director, Middle East of Hamptons International for Emaar Properties; Ali Al Rahma, Chief Executive of Eqarat.com, said there was no need for a gloomy sentiment in Dubai’s realty market….. Full Article: Source


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