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UAE rents continue to fall

Posted on 16 May 2011

The average rents will continue to fall in Dubai and Abu Dhabi across the residential and commercial sectors this year, a senior official of Jones Lang LaSalle said.
“The recovery of real estate in Dubai will vary by sector with the hotel and retail sectors recovering first in Dubai; however, even for these sectors, it could take time for average prices to recover,” Jesse Downs, Director of Management Consulting of Jones Lang LaSalle MENA, said……………………………………….Full Article: Source

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