Dubai and Abu Dhabi to remain best Option for Property Investors
According to Jones Lang LaSalle, one of the world’s leading international real estate consultancies, Dubai and Abu Dhabi will be among the top markets in the Middle East and North Africa to attract long term regional and global investment in to the real estate sector.
It has been predicted that Casablanca, Cairo, Dubai and Abu Dhabi will be best placed to attract long term international investment over the next 2-3 years. A Jones Lang LaSalle spoke sperson stated that ‘Once the economic storm passes, we expect that real estate markets will move into a period of stabilisation in 2010 and then recovery in 2011.
A key part of this recovery will be the attraction of long term institutional investment into the real estate sector.’ LaSalle rightly points out that Dubai has already started its recovery in terms of both oil prices and equity markets.
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