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Oversupply to further depress Abu Dhabi rents

Posted on 02 November 2010

From Emirates247.com: Project cancellations and construction delays have decreased future residential supply estimates in Abu Dhabi by around 60 per cent since second quarter of 2008, Jones Lang LaSalle (JLL) has said.

Average apartment rentals have declined 16 per cent year-on-year (YOY), while some areas plunging 30 per cent, the global real estate consultancy said in its third quarter market overview…………………………………….Full Article: Source


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