Value of property sales in Dubai doubles in a month, according to Land Department

[Nicholas Wallwork]

The total value of apartment and villa sales in Dubai in October went up by more than 50% compared*with September, according to the emirate's Land Department.

While some may take the news with a pinch of salt, officials say it is a sign that the property*market is stabilising. However, prices are still way off their peak values of a year ago.

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