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UAE central bank mulls real estate support plan
Board discusses memo on proposals to launch facilities for dealing with property loans....
- Emirates NBD reaches real estate exposure limit
- Real estate defaulters targeted by new law
- Dubai property market 'sees shift to rentals'
- UAE real estate firms eye Indian opportunities
- Global crisis 'will sort men from boys' in Dubai real estate
- Arabtec chief predicts fall in UAE rental prices
- Real estate chief poised for space travel training
- Top media exec predicts drop in real estate ad spend
- Dubai house prices surge, while rental growth slows
- Dubai's Tamweel Q3 profit rises 36.5%
| Cityscape sparks speculation frenzy |
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Abu Dhabi office rents have witnessed significant increases, with prices climbing on average 27% since April 2007. According to the Better Homes' Commercial Review Quarterly Update, Cityscape Abu Dhabi sparked a 'speculative buying frenzy', but that developers are now trying to stop properties being flipped many times over before they have even been completed. The report said the shortfall in office space in the capital was highlighted by the launch of the AL Dana development in the Al Raha Beach area, which went for Dhs4,400 per square foot.
Posted originally: 2008-07-31 03:54:48 |
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