Prices of Dubai apartments have soared 125 per cent over the past year around the Burj, catalysed by new laws that came into force only at the start of this year allowing, for the first time, foreign ownership of residential Dubai property. House-price inflation in other parts of the city has risen by between 20 per cent and 100 per cent over the past year, mirroring similar rates of annual inflation every year since the turn of the millennium.
Source: Emiratestodayonline
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Prices of Dubai apartments have soared 125 per cent over the past year around the Burj, catalysed by new laws that came into force only at the start of this year allowing, for the first time, foreign ownership of residential Dubai property. House-price inflation in other parts of the city has risen by between 20 per cent and 100 per cent over the past year, mirroring similar rates of annual inflation every year since the turn of the millennium.
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