28.04.2010 - Positive predictions for Abu Dhabi property market
From Shelteroffshore.com: There has always been an imbalance between demand and supply in Abu Dhabi’s residential property market, which inevitably leads to high rents. This had long been the case until 2009 when the trend reversed, demand dropped and the rents declined. Abu Dhabi is not alone in experiencing this trend; in fact it’s a story familiar in cities around the world following the global economic downturn. However Abu Dhabi properties still remain at a premium in comparison with neighbouring Dubai properties with the average rental cost of a two bedroom apartment being AED 150,000 versus AED 120, 000 in Dubai.........................................Full Article: Source
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