Office, residential rents set to slide again in 2011

Rents and sale prices for Abu Dhabi property will continue to fall across the board during 2011 due to heavy oversupply, according to the latest research from Jones Lang LaSalle (JLL).

The property consultancy said that although there have been limited transactions for residential sales, average prices per square foot have now dropped some 45 percent since their peak in the second quarter of 2008.

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