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

Forecasts differ on the Dubai real estate market

Posted on 04 January 2012

The Dubai Land Department, the real estate sales authority in the Gulf Arab sheikhdom, said sales of land and properties in 2011 was 20 percent up year-on-year, Gulf News reported. The news triggered hopes in the industry that the years of crises might come to an end.
According to Gary Dugan, Chief Investment Officer Private Banking at bank Emirates NBD, new demand is seen for villas on the man-made island Palm Jumeirah and in the Arabian Ranches in southwest Dubai………………………………………..Full Article: Source


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