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Property sales down in 2006
- United Arab Emirates: Thursday, July 06 - 2006 at 07:34
Higher construction costs and land prices have slowed land sales in Dubai, Gulf News reported. Dubai recorded $2.34bn worth of real estate deals in H1 2006, 11% less than in H1 2005, according to statistics by the Dubai Land Department. The number of buyers dropped by 40%, from 2,077 in 2005 to 1,253 in 2006.
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James McInerney, News EditorThursday, July 06 - 2006 at 07:34 UAE local time (GMT+4)
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