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No correction, says Damac
- United Arab Emirates: Monday, October 10 - 2005 at 07:35
Damac chairman Hussain Sajwani told Gulf News that there is not going to be any correction in the Dubai market. He said that on the contrary rising land and construction costs would push prices up by 10-15% next year. Damac has 20 towers under construction in Dubai. But Mr. Sajwani admitted that prices were static in 2005 despite a 30% rise in rents in the city.
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Peter J. CooperMonday, October 10 - 2005 at 07:35 UAE local time (GMT+4)
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