Housing prices and rents will continue to decline in the UAE this year, despite growing demand for homes in many neighbourhoods, local analysts predict.
A wave of completed projects will add thousands of homes to the market and give home buyers a variety of choices.
"Unless we see a real pick-up in demand driven by population growth and job creation, I can only see the downward trend [in prices] continuing," said Paul Maisfield, the general manager in Abu Dhabi for Asteco, a property firm.
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