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Dubai developers urged to rethink their budgets

Dubai's property market was buffeted last year by falling oil prices, rising political tension in the region and slowing economic growth from China to Brazil, all trends that are set to continue in 2016.


DUBAI'S biggest landlord has a message for the city's developers: get ready to rethink your budgets and building plans repeatedly this year or be engulfed by a topsy-turvy market.

Companies need to be "more agile to sustain their businesses and survive the tough period ahead...