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It’s real, realty prices are up in Dubai

Posted on 03 January 2013

Dubai’s real estate sector is on an upswing and this time the growth is based on solid fundamentals, say experts. So are we back to 2007-2008 prices? “In some areas we are back to late 2007, early 2008 prices. But this is not the case everywhere. Prices in the current market are ‘real’ and the properties are worth the value they are selling for,” said Renan Bourdeau, Managing Director, Propertyfinder.ae.
According to Bourdeau, Palm, Marina, Downtown, Jumeirah Park are the main areas experiencing increases. “Average return on investment (ROI) in these properties is around eight per cent. Confidence has returned to the market and we’ve seen more expats moving back to the region,” he said………………………………………..Full Article: Source


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