Dubai's home prices rise in Q4


(MENAFN) A report said that Dubai's luxury home prices increased at their slowest pace during the last quarter of 2013, according to Arab News



Both prime apartments and villa prices boosted by 15 percent year-on-year in the fourth quarter of 2013, compared to an average annual rate of 21 percent in the preceding four quarters



The registration fee charged on real estate transactions was doubled by the government of the emirate to hit 4 percent in October in order to prevent excessive speculation in its property market


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