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UAE: Age of realism in property market

Posted on 22 November 2011

After decades of steady rise followed by a boom and correction, the realty sector finds stability in strong fundamentals and economic growth. Such is the short-term nature of man’s memory that it is very easy to define the UAE’s property market purely by what has happened since September 2008. But it would be such a disservice to omit the many elements that made the sector one of the most compelling real estate plays in the world from 2002 until then.
Yes, there were many projects that were announced during those turbo-charged days that will never see the light of day — and not many can deny the marketplace is better off for that………………………………………..Full Article: Source


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


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