Dubai’s recent $26bn debt restructuring announcement will not affect the emirate’s real estate market, a leading property developer said on Monday.
'It will have no significance because restructuring is a normal word,' Abdul Majeed Ismail Al Fahim, chairman of Dubai Pearl, told Arabian Business.
Residential property prices in Dubai increased by 7% during the third quarter, the first increase since they started plummeting last year amid the downturn, according to Colliers International
arabianbusiness.com
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