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Overconfidence seen as biggest danger to Dubai property market

Posted on 09 January 2013

After enjoying strong rises in average prices and rents over the past 12 months, the biggest threat facing Dubai’s residential real estate market in 2013 is overconfidence, which could result in unsustainable growth, according to a new report by Jones Lang Lasalle.
Its fourth-quarter report on the emirate’s property sector said the market recorded a positive year in 2012, with the villa market continuing to outperform the apartment sector. However, while optimism returned to the Dubai market over the second half of 2012, the recovery has been very selective and focused on only the best quality projects, locations and developers, JLL said………………………………………..Full Article: Source


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