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The second quarter of 2014 continued to witness growth in Abu Dhabi's prime residential market with little change in the office, retail and hospitality sectors. The Abu Dhabi market continues to be dominated by government related investment with short-term demand being fuelled by investment and job growth from new major government backed construction projects, such as the Airport expansion, Etihad Rail, Saadiyat Island museums and other major infrastructure, economic and social development initiatives. A sustainable recovery requires the government to continue to implement supply controls as many developers are now reviewing schemes that had been placed on hold following the market downturn.
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22 July 2014