Wednesday 23, April 2014 by

The night they raided Minsky's?

The UAE’s real estate sector is off to the races once more, with price caps being lifted or eased in both Abu Dhabi and Dubai. Making use of the descriptor ‘popularised’ by sometime Federal Reserve Chairman Alan Greenspan – ‘irrational exuberance’ – Abu Dhabi Islamic Bank Chief Executive Officer Tirad Al Mahmoud went on to tell The National in March, “I think the growth in rental rates, at 60 per cent, at 70 per cent in some pockets, though isolated, I think that’s not a healthy trend.”

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