Property prices in some parts of Dubai reached new decade-long lows in September, according to new research published on Wednesday.
The annual average price per sq ft fell to AED896 for 2020, AED2 lower than the previous low seen in 2010 following the global economic crisis.
The figures were published by real estate consultants ValuStrat in its monthly report on the Dubai property market.
Its VPI – Residential Capital Values for Dubai index stood at 66 points, declining 1.5 percent monthly.
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