Dubai hit by huge slump in property prices

Property prices in the once red-hot Middle East boomtown of Dubai plunged 41% in the first three months of this year.

Dubai hit by huge slump in property prices
Tue, 28 Apr, 2009 - 16:55

Property prices in the once red-hot Middle East boomtown of Dubai plunged 41% in the first three months of this year.

Figures released today that suggest nearly two years of gains have evaporated.

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