28.10.2008 - UAE property prices set to fall

From FT: Property prices could fall in the United Arab Emirates but local banks would be able to handle the long-expected downturn, the country’s central bank governor said. “A real estate correction could happen, but UAE banks are cushioned... the banks are safe,” Sultan Nasser al Suweidi, the central bank governor, said at a conference held by the Arab Monetary Fund in Abu Dhabi, the capital of the UAE..... Full Article: Source

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