Palm Jumeirah prices drop 40%
- United Arab Emirates: Thursday, November 20 - 2008 at 12:02
Property prices on Palm Jumeirah in Dubai have fallen as much as 40% since September, Reuters has reported. A four-bedroom villa is now selling for Dhs10m ($2.72m), down from Dhs15m in September. The man-made island was developed by government-owned Nakheel.
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