Fears soaring Dubai property prices risk hitting competitiveness | The National:
"Further rapid rises in property prices risk undermining Dubai’s competitiveness, the president of emirate’s Chamber of Commerce and Industry warns.
“The competitiveness of doing business was really improving the past four years and we hope to be able to continue improving in this by controlling the real estate market,” said Hamad Buamim, the chamber’s president and chief executive, who is also a board member of the Central Bank.
“A huge increase in real estate [prices] will affect competitiveness negatively. A moderate growth or even stabilisation will be more beneficial to the overall economy.”"
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