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Dubai home prices boosted by speculators’ return

Posted on 10 December 2012

The average apartment price in Dubai rose by 13 percent this year and is expected to grow at the same rate next year as speculative buyers prop up demand, a study released on Sunday showed. Prices rose despite expectations of around 36,000 new units forecast to enter the market in the next two years, a study by property consultancy CBRE showed.
“Because the best quality products (properties) are seeing this demand, they are raising the rest of the market,” said Matthew Green, head of research & consultancy UAE at CBRE Middle East………………………………………..Full Article: Source

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