Dubai property market cools
United Arab Emirates: Tuesday, August 15 - 2006 at 16:49
Dubai property prices are cooling, but there is no sign of a 'bubble burst', according to a survey of real estate brokerages, dealerships and consultants by DSL Exhibitions cited by TradeArabia. Dubai property price rises have slowed to between 10%-25% per year, with individual listings now making up around 30% of properties for sale, according to the survey. Nearly 50% of all listings are for one and two bedroom apartments.
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James McInerney, News EditorTuesday, August 15 - 2006 at 16:49 UAE local time (GMT+4)
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This Article was updated on Thursday, September 14 - 2006
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