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JLL: Dubai price decline slowing
- United Arab Emirates: Monday, August 17 - 2009 at 11:44
According to Jones Lang LaSalle, the decline in Dubai home prices has slowed in the second quarter; an indication the market is showing 'signs of stabilisation'. Prices dropped 6% in the second quarter from the first, slowing from a 25% drop in the preceding three months, the firm has said. The total volume of home sales remained stable between the first quarter and the second, although the number of transactions fell 58% in the second quarter from a year ago.
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