Dubai property prices re-climb towards peak levels

22/11/2012 - Dubai Property News
Dubai property prices re-climb towards peak levels

Property prices in Dubai are closing in on levels seen during the property boom of 2008, according to recent opinions by industry experts. Real estate agent Cluttons and Jones Lang Lasalle both reported that the cost of residential property was climbing, with apartment prices up by 5% in the last quarter and villa prices up by 20% over the last year. Amongst the areas proving the most popular for property sales include Downtown Dubai, Jumeirah Beach Residence and Dubai Marina, the location for The First Group’s next hotel apartment project, TFG Marina Hotel.