As the overall residential market in Dubai recorded a slight increase in supply in the second quarter of 2012, limited new office supply entered the market over the first half of the year, according to the latest report by Jones Lang LaSalle (JLL).
In its latest Dubai Real Estate Market Overview, the consultancy reveals that around 3,000 units were added to Dubai’s residential stock inventory in the second quarter of the year, bringing the current residential stock in Dubai up to approximately 344,000 units, with villas continuing to outperform the apartment sector.
The future supply in the period 2012-2014 is expected to total 41,000 units, according to the report.
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