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Our second quarter (Q2) 2013 Abu Dhabi Market Overview report covers the office, residential, retail and hospitality market segments, highlighting that the residential market recovery which commenced in Q1 has continued throughout Q2, while rents in prime office buildings have now stabilised. Overall real estate markets remain in over-supply, with additional new supply still in the pipeline leading to further increases to market-wide vacancy rates. There continues to be a significant distinction between high grade and low grade product – while the prime market is showing signs of stability and early recovery, the performance of lower grade stock continues to decline.
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22 July 2013