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Property prices rise in UAE
- United Arab Emirates: Wednesday, June 10 - 2009 at 13:04
Property prices in parts of Dubai and Abu Dhabi are beginning to climb again after a nine-month fall, brokers and bankers told The National. Andrew Covill, the head of investment sales at LLJ Property said that in the last three to four weeks supply has decreased and brokers are seeing a 'dramatic' increase in demand. The signs of recovery, which aplly to completed and nearly completed property only, follows the thawing of credit markets, a sharp rally in regional stock markets and a doubling in oil prices over the past six months.
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StaffWednesday, June 10 - 2009 at 13:04 UAE local time (GMT+4)
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