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Dubai property enjoys successful March

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Dubai property enjoys successful March - Dubai - UAE - property sales


People seeking property in the UAE may be interested in Dubai after new figures indicated the emirate performed well last month.



Reidin.com has published its latest Residential Property Price Indices for the UAE for March 2012 and revealed Dubai enjoyed a positive performance for the month, with a two per cent rise in sale prices.

Apartment sales prices were up two per cent month-on-month and 1.24 per cent year-on-year, suggesting the market has been bouncing back recently and for villas the monthly increase was 1.89 per cent and the annual rise 18.11 per cent.

Such figures may indicate the emirate is leaving the price slump of recent years well behind and is offers a strong investment prospect.

It was the fourth successive month of price growth and the first this year to exceed one per cent.

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