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Dubai: Landlords undercut rents on glut fears

Posted on 05 November 2010

From Khaleejtimes.com: Landlords in Dubai are slashing rents by up to 20-30 per cent below market rates in anticipation of a new supply glut in the market, real estate firm Landmark Advisory said.
Jesse Downs, Director of Research & Advisory, Landmark Advisory, predicted that the most significant challenge would be the impending supply pipeline………………………………………Full Article: Source

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