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"Some sector recovery is possible in the second half of 2021," the Moody's report said.
Liquefy has the backing of Dubai's royal family.
The new residences, which are slated to be ready by the fall of 2019, will be part of a six-structure complex housing more than 900 students.
The residential hall includes an 80-person meeting room on its first floor, a community center on its second floor and study lounges on every floor.