Sunday, 8 December 2013

Dubai house prices rise at fastest global rate, Knight Frank says | The National

Dubai house prices rise at fastest global rate, Knight Frank says | The National:

"

House prices in Dubai were the fastest-growing in the world in the year to September, helping to push the global average to a new pre-crisis peak.

According to Knight Frank, house prices in Dubai rose by 28.5 per cent in the first nine months of the year – the biggest increase of any of the global markets the estate agent tracks.

However, the report, published on Friday, found that prices in the emirate were showing some signs of cooling down; rising by 4.5 per cent in the third quarter of the year after a 7.3 per cent rise over the previous three months."

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