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Adjusting to the new normal in Dubai’s realty

At the beginning of the year, forecasts abounded of an ebullient year for the real estate market in Dubai. Prices were ratcheting higher and there was a dazzling array of projects being announced and met by hordes of investors sweeping in to snap up the inventory. By all measures, it was supposed to be a record-breaking year of price hikes, and investors in real estate could do no wrong. Most of these forecasts overlooked the underlying structural shifts already underway in the market — the gap

Source: Gulf News - 17 Dec, 2014

UAE developers wary about Russian buyer exposure

Dubai: Some UAE developers are taking a closer look at their off-plan sales to see the level of their exposures to overseas buyers, and especially to those from Russia or one of the CIS states. The check is to see whether these buyers can stick with their upcoming instalment commitments given how some of the currencies have been performing in recent days.

Source: Gulf News - 17 Dec, 2014

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