Regional

Dubai economic slump to persist through 2022: S&P report

FILE - In this June 6, 2018 file photo, billboards advertise luxury villas and apartments in Dubai, United Arab Emirates. Dubai's ruler has issued a directive to curb the pace of new real estate construction projects amid falling demand and property prices. On Monday, Sept. 2, 2019, Sheikh Mohammed bin Rashid Al Maktoum ordered the creation of a committee to study the needs of the real estate market, evaluate all future projects and control the pace of projects so supply does not outstrip demand

 
A version of this article appeared in the print edition of The Daily Star on September 04, 2019, on page 4.

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