Why did a 57% surge in property investment in Q1 not push Dubai house prices up like last year? « ArabianMoney:
"New figures from the Dubai Land Department show a 57 per cent year-on-year increase in first quarter investment in Dubai real estate to $9.5 billion, and yet estate agents report much smaller house price increases than a year ago and prices in some areas have hardly moved for six months. Why’s that?
The first quarter was clearly a very strong market. The DLD also reports an 81 per cent surge in individuals making property transactions to 13,279 with 133 nationalities buying Dubai real estate."
'via Blog this'
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