According to UAE-based Bayut.com, on the heels of a positive market boom for the United Arab Emirates (UAE) in 2013, the real estate market of the UAE has successfully managed to carry its confident performance into H1 of 2014. However, alongside the steadily rising stars of the UAE property market, especially in the residential sector, there were also slow starters that kept the market balanced.
By comparison to their remarkable 2013 numbers, residential options in Dubai have performed somewhat sluggishly so far in 2014. Abu Dhabi, however, successfully managed to post good numbers for the sixth successive quarter. Both emirates also welcomed new tenants and the rents in Dubai shot up as a result. Overall, the real estate sector of the UAE performed reasonably well in the first half of 2014.
The prices continued with their upward trend but there was a general slowdown in the market as hot properties changed less hands this time around and market activity buoyed towards stability.
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