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According to JLL MENA’s Q2 2013 market report.
JLL MENA, the world's leading
real estate investment and
advisory firm, has released its
second quarter (Q2) 2013 Abu Dhabi Market Overview report covering the office, residential, retail and hospitality market segments, highlighting that market recovery which commenced in Q1 has continued throughout Q2.
Commenting on the report,
David Dudley, Regional Director and Head of
Abu Dhabi office at JLL MENA said:
“The first half of 2013 has been encouraging for the recovery of Abu Dhabi’s real estate markets. Prime office and residential rents have stabilised. Retail and hospitality sectors saw improved performance, and prime residential prices continued to rise during Q2 2013.”
Commenting further on the report,
David Dudley said:
“While it is encouraging to see the market moving upwards again, it is important to note that these improvements do not represent a market-wide recovery, but relate to selected high quality developments – with performance continuing to diverge between high grade and low grade product. However, this is certainly positive news for the market, indicating the first signs of recovery and a maturing market. The product that will perform the best is that which is functionally designed, well located, well managed and most aligned to end-user requirements.
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