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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

Dubai at risk of two-tier real estate market

Posted on 14 October 2011

Prices in Dubai’s Discovery Gardens plunged 10 percent in the third quarter as developer Nakheel released new units to the market at rents that undercut owners, said Asteco.
Landlords in the development cut their losses after failing to attract tenants at rates to cover their mortgage payments, the real estate consultancy said in a report……………………………………….Full Article: Source


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