DUBAI, Oct. 11 (Xinhua) -- The United Arab Emirates (UAE) stock exchanges DFM in Dubai and ADX in Dubai on Thursday reacted to the sharp fall of global stock indexes, declining by 1.97 percent and 0.93 percent respectively.

The Dubai market index DFMGI, closed at 2,755.32 points, while the ADXGI slipped below 5,000 points, ending at 4,967.77.

The DFM's bellwether Emaar Properties, developer of the world's tallest tower Burj Khalifa, closed at 2.40 percent lower at 4.88 dirham (1.33 U.S. dollars).

In Abu Dhabi, food and beverages giant Aghtia Group dived 3.75 percent.

Property and financial shares also suffered losses.

Pharmaceutical producer Julphar bucked the sell-off, gaining one percent.

The price of oil, after hitting a 4-year high last week, also retreated. Brent oil price fell 1.83 percent late Thursday to 81.57 U.S. dollars per barrel.