Confident sales, buoyant rentals – a Dubai Market Update

A mood change has been going around investors worldwide in the last couple of months. The current recovery of the global bourse has boosted investors’ moods, and banks in stabilising countries resumed lending once more, even though with a slow start. This optimistic effect has also caught the local stock markets. Much like the oil price rally, Dubai’s stock market has greatly recovered over the last quarter of 2009. Instead of cutback discussions in coffee breaks, there is talk of confidence and cheer. The government has also caught on this optimistic trend.

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