Dubai property market lowest performer in the world in Q2 | The National:
"House prices in Dubai were some of the fastest falling in the world in the second quarter of 2015, performing worse than those of the hard hit economies of Greece, China, Cyprus and Ukraine, new research has shown.
According to Knight Frank’s Global House Prices Index, mainstream residential prices fell by 12.2 per cent in the year to June and by 2.8 per cent quarter-on-quarter as volumes continued to slide.
Knight Frank ranked the city’s house price performance bottom of a list of 56 global cities for the period."
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