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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

Varying dynamics at work in Dubai and Abu Dhabi property markets

Posted on 01 February 2013

Last year ended on something of a high note in respect of the Dubai real estate market, with the rents and prices in select locations resulting in a return of confidence and a rash of major new project launches. As we look to 2013, we are cautiously optimistic, expecting the Dubai market to experience a broader based recovery but certainly not a boom.
The Abu Dhabi market remains 18 to 24 months behind Dubai in its real estate cycle, with most sectors continuing to move in favour of the tenant or occupier. While the government has introduced steps to control development and promote demand, these are not expected to result in any recovery in prices or rentals until 2014 at the earliest………………………………………..Full Article: Source


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