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UAE housing prices to continue to fall, says Asteco
Date: 05-01-2012
UAE-based property services firm, Asteco has said a group of completed projects adding thousands of homes to the market will force housing prices and rents to continue its decline in the country next year, despite growing demand for homes in many neighbourhoods, The National has reported. "Unless we see a real pick-up in demand driven by population growth and job creation, I can only see the downward trend [in prices] continuing," said Paul Maisfield, general manager in Abu Dhabi for Asteco.
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