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08-01-14

Dubai's property prices to boost 40 percent this year

(MENAFN) The head of the emirate's Land Department said that Dubai property prices are expected to boost by 40 percent in 2014, according to Arabian Business. The real estate authority intends to complete a review of off-plan transactions in the three months of the current year and may introduce new regulations in the second or third quarter. Sultan Bin Mejren said home prices are expected to boost 35 percent to 40 percent in 2014.