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Dubai property prices climb 9% since April

11:57 - 3 Nov '09

According to a report by HC Securities & Investment Bank, property prices in Dubai have climbed 9% since bottoming in April, with the emirate's property sector showing signs of recovery, Reuters has reported. The rise was due to improving sentiment and risk appetite, falling deposit rates, robust volumes and attractive rental yields, the report said. Moreover, mortgage values and volumes have recovered to pre-crisis levels, rising 24% and 14% in October, compared with 7% and 6% in April, the report noted.

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