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Abu Dhabi's real estate market is becoming more competitive as a large number of high quality projects are delivered across all sectors. Significant increases in supply during a time of weak demand and tight economic conditions is causing rents to correct from the unsustainable highs of the boom years across all the sectors. Rents are expected to decrease further in line with future additions to supply. Future prospects remain highly positive as major government spending commitments lead to the recovery of real estate markets over the medium term - in generating job growth which in turn will boost demand for real estate, as well as increasing consumer confidence and spending.
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22 April 2012