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Dubai One Of the Worst Property Market In Q1

DAccording to a report in The Naitonal, Dubai was one of the worst-performing housing markets in the first quarter of 2015, according to new research.

Knight Frank’s Global House Prices Index scored the city 53rd out of 56 locations monitored Рone place lower than Greece but higher than China, Cyprus and Ukraine.

Property prices in the emirate fell by 6.1 per cent over a 12-month period, according to the firm, and were 3.7 per cent lower than the previous quarter.

The ongoing dispute in Ukraine meant that it was the worst performing, with house prices dropping by 15.5 per cent over a 12-month period and by 4.5 per cent on the previous quarter.


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