30.04.2009 - Dubai realty draws bargain hunters
From Business24-7.ae: Dubai's property market is starting to witness the entry of professional investors, who are now taking active interest in the growing opportunities in the emirate even though house prices fell 41 per cent between fourth quarter of 2008 and first quarter of 2009, according to a property expert. "The first quarter saw the arrival of the professional investor. They look at real estate returns solely as a means of revenue and, in time, capital appreciation," John Davis, CEO, Colliers International-Middle East, said.......Full Article: Source
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