Dubai home sales fall 3.2% on cooling actions
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DUBAI home sales fell 3.2 per cent by value last year after the government took steps to slow soaring prices.
Home sales by value declined to 60 billion dirhams (S$21.8 billion) in 2014 from 62 billion dirhams in 2013, Dubai's Land Department said in a press release. Total real estate sales, including land and commercial property, dropped 7.6 per cent to 218 billion dirhams, the department said.
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