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GCC investors: UAE property sector saviors?

Posted on 29 August 2011

Could the answer to Dubai and the UAE’s troubled real estate market lie in a switch in target markets? The release of the annual statistical report from the Ministry of Finance has led Kipp to believe it might very well be the case.
According to the report, there has been a significant increase in the number of properties registered and held by GCC nationals within the UAE. The gross cumulative rates of GCC citizens owning property in the UAE rose to 34,029 contracts in 2010 compared to 29,425 in 2009……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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