Dubai House Prices Increase
The price of a house in Dubai increased by an average of 2.3 percent in the last three months of 2011.
The figures come from the latest Knight Frank Global House Price Index.
Dubai is currently at position 26 out of 52 property markets throughout the world according to Knight Frank, a leading real estate firm.
They also state that Dubai house prices rose by 0.5 percent during the entire year of 2011.
The dramatic increase during the last quarter of 2011 put Dubai in the top ten house market performers worldwide for that period.
The recovery in Dubai house prices during the last quarter was far greater than it had been for the rest of the year.
By NGI Context , 11/03/2012