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And now we're going to the second tier markets,' the top executive said, while referring to Indonesia and Vietnam, whose remittance sectors are valued at $10 billion and $20 billion, respectively.
"The trends I am seeing over the past few years are that more people are moving into the second tier markets, places like Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT) and Sports City," she said.
Dollar international investors are able to pay more (relatively speaking) for properties which should provide additional upside in first tier and select second tier markets.