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Dubai: Oversupply in residential market to peak in 2012

Posted on 06 August 2010

From Emirates247.com: Residential oversupply in Dubai is set to peak in 2012 with vacancies estimated at 25 to 28 per cent, Landmark Advisory said. Commercial oversupply will continue, with up to 45.9 million square feet of empty office space by 2014 and vacancies likely to reach 53 per cent in 2011 and a high of 58 per cent in 2013/2014, the real estate consultancy said in its third quarter Dubai and Abu Dhabi real estate report.
In Dubai, there has been a slight reversal of the coastal-inland villa bifurcation, however, coastal properties have maintained significant premiums……………………………………….Full Article: Source

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