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News Land values rising Average land values climbed 35 per cent in 2006 and 24 per cent in 2007. Freehold land at Dubai Marina that was worth Dh160 per square foot (on the built up area) in 2005 is valued at Dh270 per square foot in 2007- a 68 per cent increase. Meanwhile, at Dubai Waterfront near Palm Jebel Ali, land valued at Dh90 per square feet in 2005 surged to Dh210 per square foot in 2007-a 130 per cent increase in just two years. |
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