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Dubai residential property prices likely to fall 10-20% in 2015, says S&P

Subdued demand, slower economic activity and downbeat investor sentiment cited

Published Mon, Jun 22, 2015 · 09:50 PM
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Dubai

DUBAI residential property prices are likely to fall 10 to 20 per cent this year because of subdued demand, slower economic activity and downbeat investor sentiment, credit rating agency Standard & Poor's (S&P) said on Monday.

"Slightly lesser demand will come from non-residents," S&P said in a statement.

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