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Despite delays with some projects, higher completion levels are now filtering through and are providing more options for tenants in both the office and residential sectors of the market. The Abu Dhabi government’s restructuring plans and concerns about a possible global economic slowdown have constrained demand over Q3, making the market more competitive in terms of sale prices and rentals. With increased vacancies and downward rental pressure, tenants across different sectors are now able to upgrade to new and better quality properties without incurring additional costs.
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16 October 2011