It may be time to buy in Dubai with the emirate's population on course to double in less than a decade.
The upbeat growth prediction from Bank of America Merrill Lynch challenges the widely-held belief that over-development during the emirate's boom years would continue to dampen housing demand.
"Dubai's status as a regional financial, transport and logistics hub places it in a position to benefit from growth in neighbouring countries in a self-sustaining fashion," said Jean-Michel Saliba, MENA economist at BofA Merrill Lynch Global Research added.
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