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Is Dubai property price hike for real?

Posted on 20 September 2011

While various reports suggest Dubai’s real estate market will remain sluggish this year, many property owners have increased their sale prices. Villas in The Springs or apartments in The Greens are being advertised at a higher sale price than a few months ago.
Is this increase (which some real estate agents say is as high as 30 per cent) for real, or is it just a feel good factor for property owners? It could be a combination of both, according to real estate experts……………………………………….Full Article: Source


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