Smaller rise in Dubai home prices after cooling measures

[DUBAI] Dubai home price gains slowed in the first quarter after financial authorities took steps to cool the booming market, broker Knight Frank LLP said.

Values in the emirate rose 3.4 per cent, less than Lithuania, Estonia and Malta, Knight Frank said in a statement yesterday. That compared with a 9.2 per cent jump a year earlier.

Even so, Dubai home prices climbed 27.7 per cent during the 12 months through March, the most in the world.