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UAE property market ’sees mixed trend’

Posted on 27 March 2012

The UAE’s property market witnessed mixed results in the first quarter as Dubai remained steady building on last year’s trend of stability while Abu Dhabi saw major declines as improved quality supply was handed over, said a report.
In Dubai, while the rental rates for apartments and villas rose by one per cent and sales prices for villas increased by 4 per cent compared to last quarter, Abu Dhabi witnessed a 5 per cent drop in apartment and villa rents hinting that residential property prices were likely to fall further, according to top UAE property management company Asteco………………………………………..Full Article: Source


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