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Corrections seen in Dubai property
- United Arab Emirates: Monday, September 01 - 2008 at 10:26
Corrections are seen to be the way to go for Dubai's property sector, according to a top asset management company official, cited by Gulf News. Shehab Gargash, CEO of Daman Investments dismissed the idea of a crash. Some developers also agree that prices are unreasonably high. Overall, the recent slowdown in the market is seen as a temporary shake up with continued growth to come.
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Medilyn Manibo, Assistant News EditorMonday, September 01 - 2008 at 10:26 UAE local time (GMT+4)
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This article was updated on Mon Sep 08 2008.
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