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The performance of UAE real estate sector in 2012 has made it clear which areas are experiencing robust recovery and which areas are still struggling hard to absorb the pressure of oversupply. Bayut.com, a prime UAE real estate portal, highlights that analysts and experts in the UAE have predicted opposite performance of two biggest real estate segments of the UAE realty market in the next year.
Based on the remarkable performance of Dubai real estate sector in 2012, experts are predicting excellent times ahead for the sector in 2013. On the other hand, the subdued demand of property due to oversupply in Abu Dhabi is leading experts to predict further price and rent decreases in 2013.
According to experts, the higher transparency of Dubai real estate market, steps being taken by the RERA to enforce better regulatory framework and improvement in infrastructure remained the key factors to derive the demand of Dubai property up in 2012. Experts predict these factors would further add to the fuel of the engine of growth and Dubai property prices and rents would mark remarkable recovery in 2013.