Wednesday 3 October 2012

Dubai crashed property treads recovery path

Dubai’s property sector, which went into free fall when the global financial crisis hit, looks like it might be on a path to recovery, with prices starting to bottom out and a few developers daring to roll out new projects.

At the annual Cityscape Global show, which served over years of property frenzy as a launch-pad for grandiose projects, a handful of developers displayed scale models for seaside and desert developments to test the appetite of the market.

The three-day international show began on Tuesday.

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