Good news for Dubai property market as prices rise and number of new units to be released drop

[Nicholas Wallwork]

A new global property price index suggests that the real estate market in Dubai is recovering with average*prices rising 1.6% in the first quarter of the year.

The latest Knight Frank Global House Price Index shows that the emirate's real estate sector, which has seen*prices tumble more than 50% during the global economic downturn, seems to have turned a corner.

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