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Property supply in Dubai has passed its peak: JLL survey

Posted on 06 June 2011

Dubai’s real estate is likely to witness some stability in capital values while Abu Dhabi will see highest value declines over the next 12 months, a latest Jones Lang LaSalle (JLL) survey has said.
“While Dubai is already passed the supply peak, Abu Dhabi is still approaching the peak of the supply cycle. Thus, Abu Dhabi rents and sale prices are expected to continue to decline in the coming year,” the global property consultancy said in its 2011 Middle East and North Africa (Mena) Real Estate Investor Sentiment survey………………………………………Full Article: Source


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