Dubai Home-Price Gains Slowed in Second Quarter - Bloomberg:
"Dubai residential property-price growth slowed in the second quarter after mortgages were restricted and the government increased a transaction tax to damp the market, broker Colliers International said.
Property values rose 3 percent from the first quarter, down from 6 percent in the previous three months. Colliers regional director Ian Albert said today by phone. They gained 20 percent in the second quarter on an annual basis.
“Government measures so far have been successful,” Albert said. “If price increases are sustained around 9 to 12 percent annually, that would be a good sustainable growth.”"
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