The outlook on the UAE real estate market is generally positive. It has been forecast that the real estate market in the UAE will benefit strongly from the increasing economic ties with China and South Korea as well as sub Saharan Africa and Australia. This was stated by the leading Property consultancy Jones Lang LaSalle (JLL) in its recent report.
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In 2016 UAE's real estate sector going to remain stable as developers modified to reduced oil prices, less government spending and a significantly slower rate of economic development than in recent years by decreasing levels of new supply.
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