Dubai Home Prices Climb 40%Wednesday, August 20, 2008
Dubai property prices jumped by about 40% in July compared to the same period last year, according to a report by Al Mal Capital cited by The National. The report said residential prices have seen a year-on-year appreciation of 40%, reaching the median price of Dhs1,831 (US$498) per square foot, while the commercial segment appreciated by 40.5%, with a median price of Dhs2,137 per sq ft. Source: AME Info
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