Sunday 27 October 2013

Dubai property: Bubble fears played down by Goldman Sachs’ renewed interest | The National

Dubai property: Bubble fears played down by Goldman Sachs’ renewed interest | The National:

"Goldman Sachs’ renewed interest in the UAE’s equity markets and Dubai property stocks is creating a buzz.

On Monday the US investment bank restarted coverage of Dubai’s publicly-listed property firms. It believes that worries over the emirate’s property bubble have been overdone amid a series of regulatory curbs against speculation.

That Goldman Sachs has a view on this is notable and underscores how the 79 per cent surge in Dubai stocks this year and the property market’s rapid rebound have not escaped international investors’ notice."

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