Dubai house prices to fall 10 pct in 2015 – JLL

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Dubai:Dubai house prices will fall by up to 10 percent in 2015 after rising almost 60 percent in two years, with the emirate’s robust economy helping it avoid a repeat of a crash in 2008-9 despite a slump in oil prices, property consultants JLL said on Tuesday.
The real estate sector in Dubai, one of seven emirates in the United Arab Emirates (UAE), has been among the most volatile globally over the past decade as it turned from boom to bust to boom again.

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