Dubai Real Estate Prices For 2008

Dubai Property

By Admin1 ⋅ September 1, 2008 ⋅ Post a comment

Dubai property prices are on the up the Al Mal Capital Dubai real estate price index indicates that, through July of 2008, year over year prices for property in the Emirate had appreciated by a whopping 39.9% and in the commercial segment by 40.5%. While the performance of the market so far this year has been excellent, Al Mal expects it to ease off a bit by the end of the year, with one reason being the rise in the US dollar. This could take some foreign speculators, who are driving up costs hoping for a quick turnaround, out of the market. While it will slow the growth, it will also be a good event for the long term health of the Dubai real estate market.