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FINANCIAL NEWS
Dubai residential property prices fall by 6pct
30 Dec 2016
(MENAFN) Residential property prices in Dubai’s rental market declined by 6 percent in Nov owing to a steep fall in apartment and villa prices compared to the same period of 2015.
Furthermore, prices dropped by 0.3 percent year-on-years, while apartment sales prices remained constant in the cited month but fell by 0.8 percent.
Additionally, the residential property prices in Dubai’s rental market fell by 0.7 points last month, from 96.5 to 95.8 percent.
Accordingly, price index fell for all residential by 0.2 points, from 81.8 to 81.6, which shows a decline of 0.22 percent in Nov 2016.
M
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