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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

UAE: Realty remains stagnant as deliveries lag

Posted on 10 January 2012

Property sale and rental activity across Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah was minimal in the fourth quarter of 2011 as problems with electricity and water supply and sewage continued to slow the pace of supply, according to a recent report by Asteco.

The residential and commercial market was stagnant for the second half of 2011 and is expected to remain unchanged due a lack of new supply…………………………………….Full Article: Source


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