Property sales up in some parts of dubai

Property sales have started to recoverin some parts of Dubai.

The emirate's housing market has cooled considerably in the last year, following measures introduced by officials. Indeed, sales have fallen by more than 40 per cent since 2013 in some areas, according to Unitas Consultancy and REIDIN.

Sales in Dubai Marina during the first nine months of 2015 were 46 per cent down on 2013 levels in the same period, while Downtown Dubai saw transactions fall 30 per cent by the same measure.

Some markets, though, are beginning to show signs of an uptick in transactions, with 400 sales occuring in JLT in the third quarter of 2015, up from 390 in the same period of 2014, although still down from 600 in 2013.

Arabian Business