Dubai residential property prices 'down 3pc'
Dubai, March 18, 2010
The overall residential sales prices in Dubai were down by 3.41 per cent in February compared to January 2010, according to a report.
Apartment sales prices were down 2.39 per cent and villa prices fell 4.01 per cent during February, said the Reidin.com Sales Price Indices.
Year-on-year residential sales prices increased 0.50 per cent between February 2009 and February 2010, the report said.
Sales prices were up in the categories of “50 sq m and Less”, “51 sq m and 100 sq m”; and down in the categories of “101 sq m and 150 sq m” and “151 sq m and more,” the report said. - TradeArabia News Service