Browse
related articles
Abu Dhabi property prices to rise before Dubai
- United Arab Emirates: Thursday, September 03 - 2009 at 14:27
According to a report by JPMorgan Chase, real estate prices in Abu Dhabi will recover before those in Dubai because of a shortage in housing and office space. The report said that while large scale Dubai projects hang in the balance, Abu Dhabi's real estate, infrastructure and commercial project pipeline remains nearly intact. Residential prices in Abu Dhabi will stabilise in the "near to medium" term and rents for commercial space have stabilised over the last two months. Dubai residential prices are projected to stabilise in 2010 following a forecast 54% decline in prices this year. The housing shortfall in Abu Dhabi will probably shrink to 28,000 units by the end of 2009, from 32,400 last year, because of a "sharp increase in Abu Dhabi's population over the last couple of years and limited supply," according to the report. (Mac Capital Advisors)
Related Content
Article Options
StaffThursday, September 03 - 2009 at 14:27 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
