Apartments in Dubai rose by almost 5% in 2012

Since the beginning of 2012 the average cost of apartments in Dubai (UAE) increased by 4.9%, while rental rates for apartments - by 6.8%, according to online resource Arabian Business , citing data from the consulting company Cluttons report. In the third quarter of 2012, prices in the emirate have stabilized and increased in some areas. At the same time in certain areas of Dubai since the beginning of 2012 the value of real estate is stagnant. According to the forecasts of experts, the cost of housing in Dubai will remain stable throughout the year, since the second half of 2012 is expected to put into operation about 24 000 housing units. HomesOverseas.ru