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UAE property prices stabilizing

Posted on 09 May 2011

The UAE’s property market, which suffered one of the biggest crashes during the global crisis, is gaining momentum.
House prices have fallen by around 60% from their Q4 2008 peak, according to Jones Lang LaSalle, but positive economic growth, strong government support, and mortgage lenders returning to the market are helping property prices stabilize, though local analysts are generally pessimistic about future price prospects……………………………………….Full Article: Source


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