Wednesday, 3 October 2012

Emirates compete for property revival - FT.com

As Abu Dhabi and Dubai try to revive their property markets, competition is growing between the two emirates over attracting white-collar workers who can soak up the excess supply blighting both members of the United Arab Emirates.
In the last month, Abu Dhabi demanded that all government employees move to the capital from surrounding emirates. Dubai, meanwhile, is extending the length of residence visas that come with property purchases from six months to two years to lure overseas buyers seeking a financial or political haven in the emirate.

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