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"Speculators are not helping the market and if cash-rich investors continue to acquire assets and flip units, the market will be led to another artificial price bubble. Ultimately, prices will inflate so much that the end users we are looking for will not be able to buy,” said Michael Lahyani.
His comments came in a statement responding to recent news that the Dubai government is to set up a judicial committee to oversee the liquidation of stalled property projects in the emirate."
'via Blog this'
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