Dubai Property News

Dubai’s residential property sector showing signs of recovery

by Ray Clancy on April 24, 2012

Villa market seen to be outperforming the apartment sector

Residential property prices in Dubai have bottomed out and in some locations are close to levels not seen since the property crash of 2008, according to property consultants Jones Lang LaSalle.

Its latest report covering the first three months of 2012 has found that villa sales increased 3% compared to a peak in the third quarter of 2008, but prices still remain 25% lower. [click to continue…]

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