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Dubai property prices bottomed out in Q1

Posted on 10 April 2012

Property prices in Dubai appear to have bottomed out in the first quarter of 2012 and are starting to firm up despite the existing oversupply and a decline in rents in the outskirts, a Kuwait investment bank said on Monday.
In contrast, the sector in Abu Dhabi is expected to maintain its downward trend over the next year due to fresh housing deliveries, Global Investment House (GIH) said in a 50-page report on the GCC real estate sector………………………………………..Full Article: Source


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