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Real Estate Briefing - Categorized | Emerging Trends, Middle East and Africa more

Oversupply in Abu Dhabi making real estate competitive

Posted on 26 November 2010

From Gulfnews.com: Rentals in Abu Dhabi continue to be on the slide as more stock is delivered in the prime residential areas. But the decline will eventually work in the emirate’s favour, according to market analysts.
“Going forward, lease rates will need to compete with Dubai, as there is currently oversupply in that market, causing steep price declines, coupled with better quality than is available in the capital,” said Jesse Downs, director of research and advisory at Landmark Advisory……………………………………….Full Article: Source


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