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Dubai August property deals fall as volumes down 37%

Dubai Land Department figures show August transaction volumes down 37% year-on-year, while sale values fell 44% in the same month. The report frames the market as more selective.

By Staff WriterDubai Land Department (DLD) figures for August show transaction volumes were down 37% and sale values down 44% year-on-year in the month.

Taken alone, the headline numbers describe a market in decline.Set against the detail of the same DLD dataset, broken down by betterhomes across o…