Dubai apartment prices drop

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According to data tracked by REIDIN.com, apartment prices in Dubai have continued to drop from October until last month, with sale prices for apartments of more than 100 square meters falling by nearly 2.3%.

Apartments from 101 sq m to 150 sq m were selling for 6.3% less than in November last year, while apartments larger than 151 sq m were priced 7.9% lower.

Prices for apartments of less than 50 sq m were down 17.5% from a year earlier but declined only 0.1% from October to last month, which uses transaction data from the Real Estate Regulatory Agency (RERA).

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