13.10.2008 - UAE: Real estate slowdown, not systemic collapse, says Citi
From Khaleejtimes.com: A research report has highlighted the fragile state of the UAE real estate market. However, the report by Citi Investment Research stated that the likely outcome for the sector is a slowdown and not a systemic collapse. “Our positive long-term, fundamental outlook for Dubai real estate (particularly government backed developers) is unchanged; we expect ongoing white collar immigration, controlled addition of new supply and price rises towards global ceilings”, it noted. .... Full Article: Source