1 July 2009
Property Pulse – June
There was a spike in property transactions in Dubai this month, according to Crane Country’s biweekly Property Pulse (powered by REIDIN.com). Brokers say residents are increasingly upgrading their homes – i.e. people living with friends are going out on their own, families are moving from apartments to villas, and people in general are moving from Deira to Discovery Gardens and from Discovery Gardens to Jumeirah Beach Residence. Prices have risen this month, too, but Deutsche Bank warns of another 15-20 per cent fall in prices by the end of the year.
One more graph after the jump, showing the transactions by value …