Pace clears $9m in Dubai | Bangkok Post: property

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Pace clears $9m in Dubai

MahaNakhon project attracts wealthy Arabs

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DUBAI : United Arab Emirates billionaires buying a holiday home in the world's premier cities now look for both prime property locations and an income-generating guarantee. 

Pace offers buyers in Dubai two choices for its MahaNakhon condo project: fully furnished units or a yearly5%minimum return guarantee.

The motives for property acquisition have shifted, said Dubai-based Gulf News, which reported on research by property consultant Savills.

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