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Supply glut keeps Dubai on sidelines of prime property upswing

Dubai real estate lagging behind the global boom says Knight Frank

RIYADH: A supply glut that’s held down Dubai’s property prices for over half a decade will likely keep it on the sidelines of a global upswing in values of prime residential real estate, Bloomberg reported, citing Knight Frank research. Fast emerging from the pandemic slump, the construction industry will deliver an estimated 62,000 homes in the emirate this year and nearly

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