IMF warns Dubai after 20% increase in property prices
The IMF has warned Dubai that another property bubble may form if it does not curb its rapidly growing property prices.
Prices rose by more than 20% on last year.
Over-inflated prices crashed by more than 50% in 2009 and 2010, triggering a corporate debt crisis.
Howard Johnson reports.
14 Sep 2013
- From the section Middle East