Dubai demand outstrips supply
United Arab Emirates: Tuesday, June 01 - 2004 at 09:57
The demand for new residential property projects in Dubai has moved ahead of supply with all developers reporting a severe shortage of property, even off-plan. Buyers are now forced into the lively re-sale market where premiums are beginning to take-off on most developments with The Palm Jumeirah still leading price rises.
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Peter J. CooperTuesday, June 01 - 2004 at 09:57 UAE local time (GMT+4)
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