Dubai house prices fell by the most in the world in the second half of last year with a 6.2 per cent average drop, according to Knight Frank’s Global House Price Index published today. Lithuania was next lowest with -5.1 per cent, followed by China with -4.9 per cent and Ukraine clocking a 4.3 per cent fall. This represented a big change in direction for Dubai which topped the Knight Frank table in 2013 with a 35 per cent increase.
Source: Al Bawaba
