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Dubai property market could decelerate by mid-2013: EFG

Posted on 06 December 2012

The strong appreciation in real estate sales prices seen this year in selected areas of Dubai is likely to decelerate by mid-2013 on the back of new offerings in the primary market, says EFG Hermes.
Emaar Properties’ participation in the Mohammad Bin Rashid City project is positive for the market sentiment alone. “However, we think that the success of this venture will be strictly dependent on the availability and cost of financing, which currently remains scarce.”……………………………………….Full Article: Source

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