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The reality behind Dubai’s property recovery

Posted on 26 March 2013

Dubai’s oft-reported property rebound is a mirage, a bit of deception worthy of the emirate’s well-deserved reputation for theatrics. Dive into the recent analyst statements and it’s clear that the recent uptick in residential property prices was largely confined to very specific areas, primarily high end villas and luxury apartments.
Existing homeowners are simply moving up to bigger homes and investors are competing for quality properties available at bargain basement prices, pushing prices up as much as 20 percent for the best homes………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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