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As a loan officer in a bank, you received an application for a real estate Ioan from a borrower to buy an apartment in Dubai.

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As a loan officer in a bank, you received an application for a real estate Ioan from a borrower to buy an apartment in Dubai. The apartment is an unfurnished one bedroom flat situated in Park Island building (Sanibel) in Dubai Marina. Details about the property (and a comparable one sold in the same building) are presented in the following table: Questions: 3- Using the income capitalization approach, find the value of the property (A)

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