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'Dubai seeing negative growth in real estate market'

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Dubai seeing negative growth in real estate market

01/26/09 14:07

Rental rates in Dubai for apartments and villas have been leveling off, but rents are expected to rise in Abu Dhabi because of the strong demand outpacing the supply.

Dubai's main stock index was slumping last year and was the worst performer in the Gulf Region, however markets in the United Arab Emigrates (UAE) are expected to recover in the second half of this year as confidence begins to recover.

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United Arab Emirates News Digest Blog
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