House prices in Dubai have turned a corner and are up a little over 2 per cent in six months, according to the results of a latest global house price survey.
The quarterly survey conducted by global property consultancy Knight Frank shows that house prices in Dubai inched up 0.6 per cent in the first quarter of 2011, and prices are up 2.1 per cent in the six months ended March 31, 2011.
This is in sharp contrast to the falling numbers in the previous editions of the Knight Frank Global House Price Index, which was started in 2006 for investors and developers to monitor and compare the performance of mainstream residential markets across the world.
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