Dubai Real Estate on the Rise

The worst may be over, as far as Dubai real estate is concerned. Real estate prices in the city’s most exclusive areas have risen for the time since the onset of the Recession, according to Arabianbusiness.com. Home prices in Palm Jumeirah, Arabian Ranches and the Meadows have seen a one percent price rise since the second quarter, and rentals across the emirate have increased by .7 percent in the same period.  The market, which fell more than 60% during the crisis. Apartment rentals beset by a flooded marketplace have not fared as well. Prices in most areas have dropped by 2/5% in the last year.