Can Dubai real estate head up again when financial markets are turning down? « ArabianMoney:
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Early in 2006 the Dubai Financial Market and Abu Dhabi Securities Exchange both crashed hard. But that did not prevent property prices in Dubai more than doubling over the next two-and-a-half years, before then also coming down like a stone.
Could it be the same story again this year with a major correction in local stock markets last month being followed by a renewed surge in the growing property boom in the UAE this autumn? It is certainly possible for history to repeat itself all over again."
'via Blog this'
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