Residential property prices in Dubai housing market increased 2.01 per cent in May, while those in Abu Dhabi rose 1.28 per cent, marking year-on-year increases of 16.1 per cent and 6.2 per cent, respectively, said a report.
Underlying US inflation pressures were muted in August, keeping deflation fears alive, even though a rise in food and energy costs drove overall consumer prices higher.
The core consumer price index (CPI) was flat last month, the Labour De
The recovery in global housing markets is still shaky with a number of locations seeing steep growth and others registering price falls during the final three months of 2009, said an expert.
“There remains a very clear polarisation between
Abu Dhabi plans to launch an index tracking building material prices to limit price manipulation amid soaring construction costs, the Gulf emirate's economic development said on Saturday.
The price index will include 22 items, comprising 9