Pursuits
Dubai Home-Price Gains Slow as Cooling Actions Dent Deals
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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 percent, less than Lithuania, Estonia and Malta, Knight Frank said in a statement today. That compared with a 9.2 percent jump a year earlier. Even so, Dubai home prices climbed 27.7 percent during the 12 months through March, the most in the world.