‘Recovery within eight to 12 months’ (Memon Investments) – Emirates Business 24/7

Emirates Business 24/7 reports

“Memon Investments, a Dubai-based property developer and part of the Memon Group of Companies, has projected that the UAE real estate market will bounce back within the next eight to 12 months.

The developer has based its optimistic forecast on recent industry findings, which reflect a decline in the construction cost per square foot by an average of 30 per cent since the onset of the global economic crisis.”

[SOURCE: Emirates Business 24/7 – ‘Recovery within eight to 12 months’]

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