Friday, August 10, 2007

Omniyat dismisses Dubai property bubble

The demand for homes and offices in Dubai will continue to exceed supply in the coming years, a leading UAE-developer said on Wednesday, the latest to dismiss theories of a bubble in the emirate’s real estate market.

Mehdi Amjad, president and chief executive of Omniyat Holdings and Omniyat Properties, said in this article the imbalance between supply and demand in Dubai's buoyant real estate market is expected to continue well into the next decade.

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