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Dubai: Property prices to bottom out in mid-2012

Posted on 18 January 2012

Residential property prices in Dubai are expected to maintain their downward trend to reach new lows in mid-2012 but they are not expected to rebound soon due to heavy supply, according to a Kuwaiti investment bank.
In Abu Dhabi, prices are expected to fall further by around 15 per cent through 2012 while rents are also projected to dip by about 10 per cent, Global Investment House (GIH) said in a study………………………………………..Full Article: Source


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