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Dubai luxury villa prices up 20pct in 2012

Posted on 15 March 2013

Property prices in Dubai rose the second highest globally, registering a 20 per cent increase in 2012, a new global report has confirmed. “Dubai stands out with strong growth of 20 per cent in the price of luxury villas during 2012… the emirate rebounded in 2012 on the back of a resurgence in demand,” Knight Frank, a global property company, said in the Wealth Report 2013.
“This was aided by lower prices and underpinned by its [Dubai's] location as a strategic hub, able to attract wealth from the Middle East, North Africa, the Indian Subcontinent and Central Asia…………………………………Full Article: Source


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