Tue, Jul 29, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Residential property Watch more

Dubai, Abu Dhabi real estate prices to soften in 2012

Posted on 23 January 2012

Private residences stand on the East Fronds branch of the Palm Jumeirah artificial island, a Nakheel development, off the coast of Dubai on Wednesday. Real estate consultancy firm Jones Lang LaSalle said it expects average real estate prices in Dubai and Abu Dhabi to soften further in 2012 as more supply comes online, regional political instability continues and the European debt crisis deepens.
“2011 was a difficult year for real estate investors with most sectors of the market moving in the favour of tenants, with lower prices and rentals. While these trends appear likely to continue into 2012, the main trend is likely to be an increasing polarisation within each sector of the market,” said Alan Robertson, chief executive officer of Jones Lang LaSalle Mena………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031