MIDEAST STOCKS-Real estate hurts Dubai, all major Gulf markets fall | Reuters:
Real estate shares led Dubai stock market lower on Thursday, while all major Middle Eastern bourses fell with other global equity markets after the U.S. Federal Reserve hiked rates and oil prices slid.
In Dubai, the index was down 1.1 percent. The index is down more than 25 percent so far this year, making it the worst-performing market in the Middle East.
Developer Union Properties lost 3.7 percent and DAMAC Properties declined 4.1 percent.
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