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Abu Dhabi rents slide 10pct, prices drop 47pct from 2008 peak

Posted on 24 April 2012

Residential rents in Abu Dhabi have fallen by 10 per cent year-on-year, but average asking prices in the first quarter 2012 have dropped by 47 per cent from the peak in fourth quarter 2008, according to Jones Lang LaSalle (JLL).

In the first quarter 2012, rentals declined by seven per cent but the global real estate consultancy predicts lease rates will remain under pressure as more stock is released and tenants get the opportunity to upgrade their housing………………………………………..Full Article: Source


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