29.09.2010 - Dubai rising above sluggish real estate
From Gulfnews.com: Decreasing real estate prices and rental rates are likely to "adversely affect" Dubai's nominal GDP growth rates in the real estate and construction sectors in 2009 and "possibly beyond", but green shoots of recovery are beginning to sprout in the sector, the emirate's Department of Finance said in a supplementary prospectus on a new bond issue, filed to the London Stock Exchange. The Dubai Government has moved decisively to counteract a softening of the property and construction sectors since the middle of 2008, when the aftermath of the global financial crisis created negative sentiment in the UAE..............................................Full Article: Source
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