The number of properties available for sale in Dubai increased by 36% last November while Abu Dhabi property values have fallen by a further 1%.
HSBC bank reported that the rise is due to investors seeking to exit the emirate’s property sector.
The bank had previously reported that land values in Dubai had fallen on average by 4% last October.
Last November, property prices in Dubai climbed by 4%. A comparison of average unit prices saw Dubai prices fall by 1% – the same as Abu Dhabi, where villa asking prices dropped by 15%.
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