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Premature to talk of a surge in Dubai property prices: Stanchart

Posted on 10 April 2012

Higher oil prices and strong positive momentum in Abu Dhabi and Dubai economies are being cited as reasons by Standard Chartered bank for revising its 2012 growth forecast for the country by a 100 basis points, from the earlier 2.4 per cent to 3.4 per cent now.
In a recent report titled “The ‘haves’ and ‘have nots’”, the bank has also upwardly revised the economic growth estimate of GCC peer Saudi Arabia………………………………………..Full Article: Source


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