Abu Dhabi Rents Seen Picking Up in 2010.Summary: DUBAI u Residential rents in Abu Dhabi are expected to remain weak for the rest of 2009 after modest declines in the third quarter in central locations, but are likely to stabilise in 2010, CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. said on Wednesday. "Compared to other emirates, the Abu Dhabi market is expected to maintain a relatively strong position fuelled by the existing meagre mea·ger also mea·gre adj. 1. Deficient in quantity, fullness, or extent; scanty. 2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain. 3. supply across virtually all asset classes," the real estate services firm said in a report. The property market in Abu Dhabi, capital of the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. and home to most of the country's oil, has weathered the financial turmoil better than neighbouring areas. Apartment rents in the capital's central locations fell by around 5 per cent from the second quarter and many apartment rents remained unchanged, while prices further out fell by up to 15, it said. Sales prices fell in the third quarter with sales transaction activity at extremely low levels, it added. In a separate report earlier this week CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) said lease and sales rates in Dubai were near a bottom but would see further nominal declines before the end of the year. Investment bank HC Securities & Investment said Abu Dhabi is expected to have an undersupply un·der·sup·ply n. pl. un·der·sup·plies A supply smaller than what is appropriate or required. tr.v. un·der·sup·plied, un·der·sup·ply·ing, un·der·sup·plies of 75,000 homes by 2011. -- Copyright 2009 Khaleej Times. All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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