Dubai passes property supply peak

Jones Lang Lasalle (JLL) has said Dubai's real estate is likely to witness some stability in capital values, while Abu Dhabi will see highest value declines over the next 12 months, Emirates 24-7 has reported.

"While Dubai is already passed the supply peak, Abu Dhabi is still approaching the peak of the supply cycle. Thus, Abu Dhabi rents and sale prices are expected to continue to decline in the coming year," the property consultancy said in its 2011 Middle East and North Africa (Mena) Real Estate Investor Sentiment survey.

Source: AMEInfo