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Going once
Reuters Published in The Saudi Gazette on 19 - 12 - 2008


Saudi brokers and real estate agents take part in a land auction in the eastern Saudi Arabian city of Khobar Thursday. Local real estate agents interviewed at the auction said property prices have fallen in recent weeks, with prime property with a view that overlooks the Arabian Gulf priced at about 850 Saudi riyals per square meter ($227), down from 1200 Saudi riyals per square meter ($320) before the global financial crisis.

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