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Realty News from UAE

Dubai property prices up 7% in Q3

18:06 - 4 Nov '09

A new report by Colliers International has found that Dubai house prices climbed 7% in the third quarter, marking their first increase since the downturn in real estate began in 2008. However, property prices in the emirate are still about half of what they were a year ago, and prices could fall even lower as 34,000 residential units are expected to come online in the city in 2010 and 2011, the study warned.

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