Dubai property correction expected to continue into 2016 | The National:
"Dubai house prices fell in the the two months to the end of August as the city’s property correction continued.
According to new figures from broker CBRE published this morning, average house prices in Dubai dropped by another 2 per cent during the period, equating to a 6 per cent fall compared with the same period a year earlier.
The figures come on the eve of Dubai’s annual Cityscape Global property exhibition and follow in the wake of statistics published by rival broker Knight Frank last week showing that the Dubai residential property market was one of the worst performing in the world in the second quarter of the year with greater price slumps than Greece, China and Ukraine."
'via Blog this'
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