Abu Dhabi housing and hotel markets decline further - The National:
"Residential rents and sales prices in Abu Dhabi declined in the third quarter of 2017 on the back of economic tightening and the release of new housing stock, according to real estate consultancy JLL. Apartment sales and rental prices in the capital both dropped 13 per cent year-on-year over the quarter, while sales prices declined 13 per cent year-on-year and rents by 9 per cent, JLL’s latest market overview found. The decline was slightly less on a quarterly basis – at 3 per cent and 5 per cent for apartment sales and rents, respectively – and 8 per cent and 1 per cent for villa sales and rents, respectively."
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