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Al Futtaim Grp Exec: Dubai property prices back at 2007 levels

Posted on 12 September 2012

The Al Futtaim Group, one of Dubai’s largest family conglomerates, is getting back to building and selling residential units in its massive Dubai Festival City development, as improved property market conditions push prices back up to 2007 levels, a senior executive said Monday.
Ian Plumley, the general manager of property sales at the 1,300-acre mixed-use development, said prices had recovered and that demand was strong for villas and townhomes. Festival City consists of a shopping center of two million square feet, surrounded by offices, residential buildings and a golf course………………………………………..Full Article: Source

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