The latest Real Estate Investor Sentiment Survey by Jones Lang LaSalle has found that over half of investors in Dubai's real estate market are planning on holding on to their property assets.
According to the report, about one-fifth of investors are planning to sell their property in the region - a number which is equal to the number looking to buy. This would suggest that the market in Dubai is balanced at the moment
"However, the majority of investors still prefer to 'hold' assets
in Dubai," the report points out. "This remains the largest percentage of 'hold' among all Mena markets, with other GCC markets and Abu Dhabi coming in second and third, respectively. This may be indicative of the unwillingness of investors to sell assets at a loss."
Jones Lang LaSalle recently claimed that commercial real estate vavancies in Dubai will decline most quickly in central business districts and return to sustainable levels by 2013 or 2014.
- Wednesday 06 October 2010