Dubai Property Is 'Most Expensive' In Emerging World

Wednesday, April 29, 2009

Dubai remains the most expensive property market in the emerging world despite the slump that the emirate has experienced, according to a report by Reidin, a real estate consultancy firm. The report puts Dubai first among 59 cities in 34 emerging markets, with Singapore in 2nd place and Moscow in 3rd. The report said Dubai's average rate as of February was about $7,000 (Dhs25,690) a square metre.

Source: AME Info

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