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Dubai developers plan new projects despite falling home prices, rents

Published Mon, Feb 22, 2016 · 09:50 PM
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Dubai

IF you thought declining home prices and rents would damp Dubai developers' appetite for new projects, think again.

DAMAC Properties Dubai Co PJSC is planning six new towers on Dubai's main highway, while state-owned developer Dubai Properties Group said on Sunday that it's seeking to construct more affordable homes.

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