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UAE: Real estate slowdown, not systemic collapse, says Citi

Posted on 13 October 2008

From Khaleejtimes.com: A research report has highlighted the fragile state of the UAE real estate market. However, the report by Citi Investment Research stated that the likely outcome for the sector is a slowdown and not a systemic collapse.

“Our positive long-term, fundamental outlook for Dubai real estate (particularly government backed developers) is unchanged; we expect ongoing white collar immigration, controlled addition of new supply and price rises towards global ceilings”, it noted. …. Full Article: Source


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