Dubai housing market overheating
United Arab Emirates: Thursday, July 24 - 2008 at 09:35
Standard Chartered Bank is warning that Dubai's housing market is becoming overheated, particularly in the off-plan sector. The signs of overheating, it said, are related to the 'ultra loose monetary conditions which distort economic incentives and encourage risk-taking behaviour'. It says the government needs to address speculative behaviour.
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Rob Jones, Editorial DirectorThursday, July 24 - 2008 at 09:35 UAE local time (GMT+4)
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