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Sentiment in the UAE real estate investment market improved during the second quarter of 2012, boosted by the rising availability of funds for investments, reports RICS in its latest Global Commercial Property Survey published today, 2 August 2012.
On the investment side, purchaser enquiries rose for the second consecutive quarter and transactions are forecast to rise in the coming months. Significantly, expectations for capital values in the UAE for the third quarter show a modest increase for the first time since 2008.
According to the RICS survey, 16% more respondents indicated that money available for investment in real estate increased during the second quarter of the year.
Meanwhile occupier demand, led by an active retail sector, continued its rise, though at a slightly slower pace. New supply coming on to the office market adds to existing stocks so that despite the recovery in demand the oversupply situation continues to impact upon rental expectations.