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Dubai property prices down 10% in Q1: JLL

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Published Tue, Apr 19, 2016 · 09:50 PM

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    Dubai

    DUBAI residential property prices fell 10 per cent in the first three months of the year because of a strong dollar and as buyers had less cash to spend following the oil price slump, industry consultants JLL said in a report on Tuesday.

    The Dubai real estate sector has softened since late 2014 after a three-year boom fed by an influx of cash from politically unstable Arab nations.

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