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UAE property market to remain a tale of two different cities

Posted on 20 December 2012

The property market in the UAE is set to remain a “tale of two very different cities” next year according to a report from the property advisory firm Jones Lang LaSalle. In its review of the year for the Emirates, the company said there were “grounds for cautious optimism about the prospects for the Dubai real-estate market in 2013″ while “demand remains suppressed in the short term” in Abu Dhabi.
Jones Lang LaSalle reports that while property has lagged the overall economy in Dubai this year, it predicts rents and prices will rise in most of the city’s sectors………………………………………..Full Article: Source


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