Press Release: Major infrastructure projects to support rebound of Dubai real estate
A recent Dubai Chamber of Commerce and Industry study reveals that prices in Dubai's real estate market have declined for the last two years due to oversupply in residential units. This is also seen as the main factor behind further declines in rents and prices of properties according to experts in the local real estate market. Nonetheless a robust rebound is expected at a slow pace as it may still take 2011 and the first quarter of 2012 for the sector prices to bottom out, states the ...
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