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Email this article: Abu Dhabi / Dubai real estate market: The two horsemen
Posted: Thu March 16, 2017 1:25 pm
UAE. Since 2012, Dubai apartments have experienced superior growth rates (2x) to those of Abu Dhabi; in the villa segment, capital gains in both cities have mirrored each other; In the rental space both cities have followed the same trajectory.
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UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.