As we approach the end of 2012, Jones Lang LaSalle, the world's leading real estate investment and advisory firm, provides a summary overview of the UAE’s real estate market over the past year as it prepares to launch its 2013 annual Top Trends Report later in January.
Dubai: There are grounds for cautious optimism about the prospects for the Dubai real estate market in 2013 with most sectors of the Dubai market ending the year in the early upturn stage of their cycle. While the real estate sector has lagged the overall economy during 2012, there are now signs that confidence is returning among both investors and developers, particularly in the last six months with a number of major new projects announced.
Jones Lang LaSalle’s recent Real Estate Investor Sentiment Survey (REISS) confirms that investors remain confident with the city emerging as the clear favourite among major real estate investors across the MENA region.
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