UAE property price rises threatening nation’s competitiveness, says ADIB chief | The National:
"The chief executive of Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, has joined a chorus of warnings that rising real estate and equity values may make the UAE a less competitive business destination.
Tirad Al Mahmoud said that low interest rates had helped to boost economic growth but that the cost of doing business in the UAE may become unattractive if valuations overheat. While not all asset valuations have reached irrational exuberance, there are troubling signs in some pockets of the real estate and stock markets, he said."
'via Blog this'
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