It is patchy with higher end villa prices in established communities advancing most recently. But predictions that the Dubai property market would see further price falls this year appear to have been wide of the mark.
Depending on whether you talk to optimistic owners or more reticent estate agents Dubai villas in favored areas are up 10 to 20 per cent in the past six months. Jones Lang LaSalle said house prices looked to have bottomed out with prices now similar to early 2008 levels, still some considerable way short of the peak valuations of the summer of that year.
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