A hostess stands next to a 3D model during the Cityscape Global exhibition, Dubai's premier property show, on September 11, 2017 in Dubai. / AFP / GIUSEPPE CACACE
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Property developers in Dubai showcased new multibillion-dollar mega-projects Monday despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn.The $680 million Venice development 4 kilometers off Dubai will have capacity of 3,000 visitors."Over the past three years, prices have dropped by 14 percent and we are now 30 percent lower than in 2008," Faisal Durrani of Cluttons, an international property services and research agency, told AFP.But he said Expo 2020, the international mega exhibition which Dubai is hosting, is expected to drive a comeback.
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