Property prices and residential rents in Dubai to fall 5% in 2007
Property prices and residential rents in Dubai will ease five per cent in 2007 after hitting a peak early that year as supply of new units will outpace demand, Standard Chartered Bank said yesterday.
Steve Brice, regional head of research for the bank for the Middle East, told reporters the fall in rents in Dubai will be offset by a rise in Abu Dhabi where liberalisation and investment is fuelling a boom. Read More..
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