Dubai Property Prices Fall 23%Thursday, January 22, 2009
A new report by HSBC has found that Dubai property prices fell 23% last month from their record high in September. Prices for Dubai villas fell 30%, while the price tags for Dubai apartments were 20% lower than their September peak, the report said. It was the first time that a survey measured actual prices at which properties were bought and sold. Source: AME Info
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