Dubai property index turns negative for first time in four years | The National

Dubai property index turns negative for first time in four years | The National:



"Dubai property prices fell in April as a property index in the emirate turned negative for the first time in four years.



The residential prices index started declining from the second quarter of last year – in line with the fall in oil and gold prices, according to Reidin, a property information company.



The index dropped about 3 per cent in April from the same period last year, Reidin said."



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