Middle East Property Research Reports

Our latest free report on the Abu Dhabi and Al Ain property sector for the 2nd quarter of 2011 can be downloaded from the report library or by following this link

Q2 Report Highlights  

• In line with previous quarters, apartment rentals have continued their decline across the market, a trend we expect to continue throughout 2011 as more stock is handed over, improving tenant choice.
• Whilst villa rates overall have also declined, some developments, such as Al Reef, have seen slight increases due to the shortage of ready-to-move in units pending the release of the Mediterranean phase.
• The office sector overall has seen a further drop in achieved rental rates as landlords are willing to accept lower rents to retain existing tenants.
• In Al Ain, there has been a decline in apartment rentals, mostly within the newer developments where the substantial new supply is struggling to lease.
• The office sector in Al Ain remains stable as supply and demand remain balanced. Retail is still in demand, with several major brands taking up space in the newly completed malls.
• The UAE Federal Government has announced the decision to extend the property visa period from six months to three years. This move is expected to improve demand among foreign investors in the emirate.