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JLL MENA, the world's leading real estate investment and advisory firm, has today released its ‘2014 Top Trends for UAE Real Estate’.
JLL MENA, the world's leading
real estate investment and advisory firm, has today released its
‘2014 Top Trends for UAE Real Estate’. Now in its seventh year of publication, this highly anticipated research assesses and forecasts the major trends that JLL anticipate are likely to impact and shape the UAE real estate sector over the next 12 months.
In the 2014 Top Trends report, JLL MENA outlines the below key trends affecting the UAE real estate market this year:
Craig Plumb, Head of
Research, JLL MENA concluded:
“Although winning the Expo 2020 bid will not have a significant impact in 2014, it will be a long-term driver for the hospitality, logistics and retail sectors as well as for Dubai’s commitment to being one of the most sustainable cities in the world. According to JLL’s proprietary prime rental clock, which illustrates where we estimate each sector lies within its individual rental cycle at the given period, the residential and hotel sectors are currently experiencing the strongest growth in Dubai. While we expect the residential market will witness further growth in 2014, this is expected to be at lower rate of growth, as the price increases seen in 2013 are felt to be unsustainable. The office sector is expected to continue to lag behind other sectors in Dubai in 2014.
Prime rents are expected to increase further in the residential market in Abu Dhabi during 2014, with the hotel market in the capital also beginning to recover in 2014. The performance of the retail market is expected to remain mixed and similar to Dubai whilst the office market remains closest to the bottom of its cycle, with any growth in rentals being limited to the very best buildings.”
+971 4 426 6999
+971 4 426 6999