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Overseas Property News
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Dubai property prices up 7%
Country: Dubai, United Arab Emirates
3 November 2009 Finally, following a year of plummeting Dubai property values, the prices of properties in Dubai are increase again, according to fresh data, out today. Figures released by property consultancy Colliers International show that the average price of a residential property in Dubai appreciated by 7% in Q3, compared to the preceding quarter – the first quarterly price rise since the peak of the market in Q3 2008. Despite the dramatic improvement in the Dubai real estate sector, the average price of a home in Dubai still remain 47% lower than this time last year, and are currently back to levels last recorded in Q2 2007. The number of market transactions increased 64% in Q3, compared to Q2. Ian Albert, Colliers International regional director in Dubai, commented: “The third quarter results indicate a bounce in the market but we will have to wait for the fourth quarter results before we can say whether an underlying growth profile exists, indicating a potential recovery.” The average price of property in Dubai increased to £171sqm in Q3, up from £159sqm in Q2. Average Dubai apartment prices rose 6%, while villa prices rose 9% and townhouses gained 7%.
See Also: Colliers International, Dubai, Ian Albert, Marc Da-Silva
Some properties in Dubai, United Arab Emirates
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Price: £105,038
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Type: Apartment
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An ideal investment opportunity, this studio is ideally sized and positioned to achieve excellent rental yields. Studio apartments on the marina are popular amongst business professionals looking for long term lets.
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Price: £166,348
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Type: Apartment
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Bedrooms: 1
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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Price: £185,606
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Type: Apartment
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Bedrooms: 1
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Considered the tallest residential tower in the world, The Princess Tower is being constructed on a 37,410 square feet plot in the Marina area, known to be one of the most exclusive and prestigious areas in Dubai.
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Price: £194,936
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Type: Apartment
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Bedrooms: 2
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A mid-level 2 bedroom apartment, this property has stunning views of the sea and the trunk of the palm. It presents an ideal investment opportunity as 2 bedroom apartments in The Torch are incredibly high in demand
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Price: £264,880
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Type: Apartment
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Bedrooms: 1,2,3
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DUBAI GATE 2
JUMEIRAH LAKE TOWERS
1 BEDROOM PLUS DINING ROOM
18TH FLOOR FANTASTIC VIEWS
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Price: £277,855
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Type: Apartment
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Bedrooms: 2
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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Price: £286,835
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Type: Apartment
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Bedrooms: 3
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This property boasts truly spectacular views as its situated towards the top of the worlds tallest residential tower.
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Price: £299,300
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Type: Apartment
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Bedrooms: 1
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· Project: The Fairways
· Developer: EMAAR
· Tower: T1 / West
· Type: 1 BR
· Suite area: 709 Sq ft
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Price: £435,654 GBP
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Type: Apartment
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Bedrooms: 3
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This luxurious 3 Bedroom apartment is a distress sale and is offered below market price.
Located in one of the prime Towers in the most sought after location in Dubai – O2 Residence in Jumeirah Lake Towers<
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