Property sales in Dubai fell by almost half during the first six months of this year compared to the same period in 2008, and the value of transaction dropped by a similar amount, a new study has found.

REIDIN.com, a research company that monitors property transactions using data from the Dubai Land Department, says 1,724 sales took place in the in the first half of 2009, a 42.6 per cent fall over the same six months last year.

Dubai property sales fall by almost half - The National Newspaper