Sunday 21 July 2013

Transactions surge in Dubai realty not a bubble more a symptom of the regional crisis « ArabianMoney

Transactions surge in Dubai realty not a bubble more a symptom of the regional crisis « ArabianMoney:

"
The one third surge in the value of real estate transactions in Dubai to $29.4 billion in the first half of 2013 has brought worries about a new property bubble in the emirate.

In the first half 30,469 properties changed hands against 18,953 for the same six months last year. House prices are up 20-25 per cent in 12 months."

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