Falling sale prices and a glut of empty apartments are forcing Dubai developers to make some tough decisions.
If they release more flats on to the market, it is likely to drive down sale and rental prices. But they also need to release the apartments to generate revenue. "It is a dilemma," said Craig Plumb, the head of research for Jones Lang LaSalle. "They need the cash flow, which they can only get from releasing product.
"At the same time they recognise the market is oversupplied."
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