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Dubai property prices to continue slide, says report
- United Arab Emirates: Tuesday, September 29 - 2009 at 11:41
A new report by Jones Lang LaSalle says that Dubai's house prices, which had fallen 47% in the 12 months through June, will continue to fall because of 'oversupply'. The problem 'is likely to get worse before it gets better in some sectors and this will continue to place downward pressure on prices and rental levels in the short term,' the report said.
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StaffTuesday, September 29 - 2009 at 11:41 UAE local time (GMT+4)
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