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

Dubai property market improves, but risks remain

Posted on 02 November 2012

Dubai’s improving property market is in line with a wider economic recovery in the emirate, boosted by stronger visitor numbers and a recovery in its retail markets, according to a new report from Citi.
The bank said that although the debt overhang incurred during the boom period remained a drag on growth, stronger trade with global partners and regional growth spurred by higher oil prices have helped to boost the emirate’s economy………………………………………..Full Article: Source


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