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IMF warns Dubai after 20% increase in property prices

14 September 2013 Last updated at 12:01 BST

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.

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