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Dubai creates price index for properties
- United Arab Emirates: Thursday, January 15 - 2009 at 08:52
Dubai's Real Estate Regulatory Authority on Wednesday announced the emirate's first residential and commercial rental price index. The commercial index provides the average rental rates for properties, based on road conditions, public parking, location, air conditioning, view and age of the building. Rental prices for residential properties are less clear. Properties are divided into apartments and villas, and are based on the size of the building only and no other criteria, reported Gulf News.
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