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Abu Dhabi residential rents down 6pct

Posted on 13 November 2012

Average rental rates in Abu Dhabi fell by 6 percent in 3Q2012 compared to the second quarter, according to CB Richard Ellis’s latest update on the UAE capital’s property market.
The real estate consultancy’s report said that the emirate’s ballooning housing inventory was creating greater affordability for residents but meant that rents were fixed on a downward track, albeit still generally higher than neighbouring Dubai………………………………………..Full Article: Source


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