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Dubai property rating downgraded
- United Arab Emirates: Sunday, November 23 - 2008 at 14:03
The Global Property Guide has downgraded its investment rating on Dubai residential property to just two stars as a result of a sharp drop in rental yields. The Guide reported that gross rental yields on residential property in Dubai have dropped to an average of 5.52%, down from an average of 7.5% a year ago.
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StaffSunday, November 23 - 2008 at 14:03 UAE local time (GMT+4)
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