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Property market stronger in Dubai than Abu Dhabi

Construction Weekonline
Property market stronger in Dubai than Abu Dhabi - Dubai - property market - Abu Dhabi

Dubai’s real estate market recovery is more robust than that of neighbouring Abu Dhabi, with steady rent increases and price growth for prime assets across the hotel, retail and residential sectors, Jones Lang LaSalle (JLL) said in its Q3 report.

New regulation requiring all public sector employees and affiliates to live in Abu Dhabi is expected to positively impact real estate prices in the emirate, added the report.

“In terms of market specifics, it’s a very fragmented picture. Dubai is generally ahead of the curve as rents are finally starting to pick up whilst indicators suggest Abu Dhabi has yet to bottom out,” said Alan Robertson, CEO of JLL's MENA region.


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