How much was our housing allowance increase again? Certainly not 27.7%!
Bank warns Dubai of property bubble
Posted on » Monday, June 09, 2014
DUBAI: Low residential rental yields in Dubai may indicate growing imbalances and overheating in the real estate sector, the UAE's central bank said yesterday, in the first official warning about soaring property prices.
House prices in Dubai soared 27.7 per cent from a year ago in January-March, leading the global rankings for a fourth straight quarter, according to consultancy Knight Frank.
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