HSBC Cuts Emaar's Price Estimate by 26% on Dubai Property Slump

  • Residential property prices set to fall 5% to 10%, HSBC Says
  • Emaar, Damac's property sales value to drop 20% in 2016: HSBC

HSBC Holdings Plc cut its price estimates for Dubai developer Emaar Properties PJSC and peers including Damac Properties Dubai Co., predicting falling revenue and declining property prices in the United Arab Emirates.

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