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Retail, finance and tourism sectors set for expansion

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The Real Estate Regulatory Agency (RERA) is reviewing 90,000 units that will enter the market from now until 2016 in an effort to manage oversupply, according to Marwan Bin Galitha, the agency’s director general. RERA has recorded an average of 50 new transactions everyday with an increase in empty land transactions by Indian, UK-based and Russian businessmen, Bin Galitha said.

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