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Foreclosure in Dubai

Foreclosures and Repossessions coming to Dubai

Foreclosures and repossessions of property are coming to crisis-hit, cash-starved Dubai. According to Arabian Business the Palm Jumeirah has witnessed its first property repossession, resulting in a bank selling an apartment for just AED745 per square foot – nearly 35 percent below the current market rate. A three bedroom apartment in Al Shala, on the […]

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