Rapid Dubai growth and ‘expo-euphoria’ lead to fresh bubble warnings | The National:
"Forecasts for another year of rapid growth in Dubai have triggered fresh warnings about the risk of a bubble.
Expanding? Yes. Speculative? Sometimes. But is Dubai property’s market in a bubble? Not likely
Two separate reports have sounded caution after a sharp pickup across the emirate’s economy last year. Prices in the property market rose by nearly 12 per cent in the past six months, while Dubai’s stock market index was the world’s second-best performer in 2013 with a gain of 107.6 per cent.
“Winning the bid for Expo 2020 adds extra zest,” Sachin Mohindra, the portfolio manager of the GCC fund at Invest AD, an Abu Dhabi-based asset manager, wrote in a report released yesterday."
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