Middle East Economic Survey
VOL. LII
No 11
16-Mar-2009
UAE
Dubai Property Market Heavily Affected By Global Crisis
The Dubai real estate market is increasingly uncertain and volatile due to the current global recession. According to a report published by the property company Jones Lang LaSalle in February, the combination of economic slowdown, falling employment levels and a severe tightening of credit is causing major distress to the market.
After a booming performance during the first half of...
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