Abu Dhabi values fell by 8.3% and Dubai by 6.6% over the past 12 months.
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The UAE was the eighth-most popular country searched by Chinese property buyers last year.
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The first phase of the project is expected to be completed in 2022
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Cavendish Maxwell released its Q1 2020 UAE Property Market Report, containing key data and trends for Dubai, Abu Dhabi and the Northern Emirates.
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Foreign ownership of freehold property provides further boost to Abu Dhabi market
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A market update from Dubai
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A market update from Dubai
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