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English news

22-Jun-2016

Sale of prime villas on Palm Jumeirah falls 44%

The number of the most expensive villas sold on Dubai’s prestigious Palm Jumeirah fell by nearly half in the first six months of this year compared with a year earlier as sellers shied away from marketing property in a falling market. According to the property broker Core, an associate of Savills, transaction numbers for villas worth more than AED10 million fell by 44% compared with the same period a year earlier. (The National)

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