18.10.2011 - Rents continue to fall in Abu Dhabi
While a number of residential projects have remained delayed at the handover stage in Abu Dhabi, additional housing supply continued to enter the market during the third quarter, with a further 2,800 units delivered, a trend real estate advisory firm Jones Lang LaSalle, or JLL, expects to continue in the fourth quarter. With the current residential stock of 193,000 units rising to more than 246,000 units by end of 2013, Abu Dhabi’s residential market will continue to be favourable for both buyers and renters, JLL said in its latest “Abu Dhabi Real Estate Market Overview – Q3 2011” report..............................................Full Article: Source
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