First 'accurate' real estate index for Dubai shows property prices increased 0.7% in the final quart

[Nicholas Wallwork]

Dubai property prices rose 0.7% in the final quarter of 2009, compared to the previous quarter,*according to new research.

The figures from the new Sales Price Index for Dubai (SPID),which has been launched by*REIDIN.com in partnership with the Real Estate Regulatory Agency and Dubai Land Department, is*regarded as the emirate's first accurate property index that will be a benchmark for the industry.

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[kully sanghera]

gulfnews : Dubai confirms offshore oil discovery

 

[georgihh]

gulfnews : Dubai confirms offshore oil discovery

It is more like clutching at a straw, but we will see .No more talking and promises -actions and results are needed.

 

[Brendan R]

is the oil to be distributed to people that got screwed or waiting for their developments to be completed?

If your development got postponed by 12 months, do you get any oil as compensation?

How can prices have gone up in the last quaret when there is so much pent-up supply? How can prices go up when projects are postponed and do not even pay you any return on money deposited?

This place is amazing. They keep on feeding BS to people and people keep on eating it. Unbelievable.