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AD property sales sluggish
- United Arab Emirates: Saturday, August 11 - 2007 at 14:26
Research by the Deutsche Bank has shown property sales in Abu Dhabi are lagging some way behind those in Dubai, reported the Khaleej Times. The bank looked at the number of sales at Aldar Properties' four launches since 2005 and found that, on average, they were 60% sold out. Deutsche Bank cited limited opportunities for expatriate buyers, 'primitive' regulations and the absence of Dubai's mass appeal as key factors.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 11 - 2007 at 14:26 UAE local time (GMT+4)
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