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JLL MENA, the world's leading real estate investment and advisory firm, has today unveiled its ‘Top 10 for 2010’ projections of the trends expected to shape the UAE real estate market for 2010 and beyond.
In summarizing the report,
Craig Plumb, Head of
Research at JLL MENA concluded:
“Creating an atmosphere of trust is essential for markets to maintain a competitive edge in challenging economic times. The need to rebuild confidence and greater transparency is no longer optional but a necessity in the region’s fast evolving real estate markets. The rate of decline may be comparatively less in 2010 than in 2009 but the timing of recovery will depend on additional demand from both investors and tenants. As the markets mature, investors need to take a longer term view as the levels of returns are expected to become more stable and sustainable.”
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