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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

UAE property prices increase 11-17%

Posted on 31 October 2008

From Zawya.com: Prices in the UAE property market surged in September with Dubai registering 17 per cent increase month-on-month and 11 per cent in Abu Dhabi, compared to an average of two to three per cent during the summer months, according to a new report.

“Price growth is picking up again after a brief moderation during the summer. However, while prices remain on an upward spiral, rental rates in Dubai seem to be stabilising, thereby compressing rental yields. This shows we have reached a level where affordability is getting breached,” HSBC said in a report released recently on the UAE real estate market….. Full Article: Source


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