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Dubai developers strangle supply to stem price drop
Published Tue, Dec 15, 2015 · 09:50 PM
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Dubai
DEVELOPERS in Dubai halted delivery of about a quarter of the properties set for completion this year, bolstering apartment rents but failing to stop a 16 per cent price decline, according to CBRE Group.
About 6,000 nearly-completed homes sit empty in newer developments such as Dubailand, Jumeirah Village Circle and Dubai Sports City as some developers withhold keys from buyers, according …
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