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Article: Property Investors Seek Comfort in ME Energy Hubs.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- October 8, 2009
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Summary: DUBAI -- Abu Dhabi, Qatar and Saudi Arabia -- with their vast energy wealth and leaders who are keen to spend on big-ticket infrastructure projects -- figure to become the hottest spots in the Middle East for property investors, real estate industry executives said
on Tuesday.
While Dubai is not out of the game, the emirate's property market is struggling to recover from a collapse in demand and dearth of credit, and foreign investors active in the region will likely gravitate elsewhere in search of opportunities. Real estate markets that are supported by robust prices for oil and gas are especially attractive, said participants in a Cityscape ...