Prices Plunge in Dubai

Summary


P ROPERTY prices in the once red hot Middle East boomtown of Dubai plunged 41 per cent in the first three months of this year.

Figures released suggest nearly two years of gains have evaporated.

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Extract


Prices Plunge in Dubai

The drop in the home price index, compiled by property consultancy Colliers International, marks the first consecutive quarterly decline and the firs...

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