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Dubai property ‘recovering strongly’

Posted on 02 April 2013

Dubai’s property market is strongly recovering after reaching its lowest point since the 2008 global fiscal distress although the recovery remains uneven through the emirate’s various areas, according to a key Saudi bank.
Indications point to a continued recovery in this sector, a key component of the emirate’s GDP, but the momentum could be hampered by supply overhang and government plans to introduce caps on mortgage credit to individuals, the Saudi American Bank Group (SAMBA) said in its monthly bulletin………………………………………..Full Article: Source


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