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

Why fear of oversupply does not plague Dubai property market

Posted on 11 December 2012

Dubai is likely to witness fresh supply of nearly 36,000 new residential units in the next three years, accrording to CB Richard Ellis (CBRE). However, new research put out by a top consultancy shows that this is unlikely to slow the steady rent and sale price rise that the emirate is experiencing on the back of strong economic recovery.
“We expect around 36,000 new residential units (apartments and villas) could enter the market during the period 2013 to 2015 provided that construction delays are minimal,” reckons Matthew Green, Head of Research & Consultancy UAE, CBRE Middle East………………………………………..Full Article: Source


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