Are Banks Prepared For Another Dubai Property Bubble? » Gulf Business:
"Dubai’s booming property market has once again come under scrutiny, thanks to a swift increase in prices, a rapidly growing international investor base and a steady stream of off-plan project launches by developers.
Residential real estate prices in Dubai soared 27.7 per cent year-on-year in January to March, according to property consultants Knight Frank, with prices close to pre-crisis levels in some areas.
In a recent report, the International Monetary Fund (IMF) cautioned authorities in the UAE to stem speculative demand before it damages the market and causes another property crash."
'via Blog this'
No comments:
Post a Comment