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UAE property earnings may sink despite Nakheel deal

Posted on 24 October 2011

A $16 billion debt restructuring of Dubai developer Nakheel will not help prevent a slump in third-quarter earnings of property firms in the United Arab Emirates, as they face a host of challenges amid little inroads being made to fresh property sales.

Real estate firms in UAE were hit hard by the global financial crisis in 2008 with property prices dropping by about 60 percent from its peak………………………………………Full Article: Source


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