Skyline of Dubai, United Arab Emirates December 11, 2017. REUTERS/Amr Abdallah Dalsh
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Prices for Dubai's residential real estate sank 7.4 percent in the third quarter of 2018 from a year earlier, with the drop accelerating from a 5.8 percent fall in the second quarter, the United Arab Emirates central bank said in a report Tuesday.Total employment grew just 0.6 percent from a year ago in the third quarter the slowest rate in over four years after 1.2 percent growth in the second quarter, the central bank said.In the first nine months of 2018, employment grew at an average rate of 1.6 percent against a 2.6 percent increase in the same period of 2017 .
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