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Dubai house prices to ease in 2015: JLL

Emirate's robust economy is helping it avoid repeat of crash in 2008-9 despite a slump in oil prices

Published Wed, Jan 28, 2015 · 09:50 PM

Dubai

DUBAI house prices will fall by up to 10 per cent in 2015 after rising almost 60 per cent in two years, with the emirate's robust economy helping it avoid a repeat of a crash in 2008-9 despite a slump in oil prices, property consultants Jones Lang Lasalle (JLL) said on Tuesday.

The real estate sector in Dubai, one of seven emirates in the United Arab Emirates (UAE), has been among the most volatile globally over the past decade as it turned from boom to bust to boom again.