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Abu Dhabi rents slip 3pct in Q1, says CBRE

Posted on 22 April 2013

An Abu Dhabi government ruling for its employees to live in the emirate is starting to have an impact on the local property market, CB Richard Ellis has said in a new report.
The real estate firm said the initiative had lifted leasing volumes in the emirate although residential rents still fell by an average of three percent in the first quarter of 2013 compared to the previous quarter.CBRE said it expected to see further government-led interventions to take place to stimulate the market in the future but did not elaborate on what they might be………………………………………..Full Article: Source


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