With Dubai’s debt restructuring approaching completion, the question is tentatively being asked whether the worst is over for the Gulf’s previously red-hot property market. In most cases, that is wishful thinking.
As other opportunities for investment thin around the world, it could be that stage of the market cycle where oil prices spike. Back in the Middle East, according to a recent report by Saudi Arabia’s NCB Capital, “a turnaround in real-estate prospects now appears imminent across the GCC region”.
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