Dubai property prices fall to seven-year low as deal volumes rocket - Arabianbusiness:
Property prices in Dubai fell to AED895 per sq ft on average in November, representing their lowest level for seven years, according to new research.
The Dynamic Price Index (DPI) from Property Monitor, the UAE-based data platform, covers property price movement in Dubai across 42 geographic communities and is indexed to a base period of January 2008.
While property prices have declined, the volume of sales transactions has risen, with November marking one of the strongest months for sales in the past decade.
A total of 5,025 transactions were recorded with off-plan (Oqood) registrations representing 60.8 percent, Property Monitor said.
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