Dubai real estate had a sluggish year of fewer trades and turnover | The National:
"Dubai’s real estate sector experienced a slowdown in 2016 as fewer transactions took place during a year of sluggish property prices.
Figures from Dubai Land Department on Saturday showed that overall transaction value in the city fell by nearly 3 per cent, to Dh259 billion from Dh267bn in 2015, even as the number of transactions fell to 60,595 last year compared with 63,719 deals a year earlier.
A report from the property consultants Cavendish Maxwell last week showed that transaction volumes for sales in Dubai dropped by 19 per cent year-on-year, citing 14,500 deals between January and mid-December.
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