UAE REAL ESTATE MARKET STABILISES AFTER SLUMP – BUT MAJOR GROWTH NOT EXPECTED
March 1st, 2012
BY PAUL COCHRANE, IN BEIRUT
THE REAL estate market in the Gulf has started to bottom out, with prices stabilising in the commercial and residential categories. However, empty properties still abound, there is more supply than demand and few new projects are being undertaken.
"This year has mostly been about stability. We've not see much growth and it is pretty flat for the whole Gulf Cooperation Council [GCC - United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait and Oman] market. It is down to individual products even in a specific location and ...
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