UAE real estate ‘close to stabilising’, says RICS

Sentiment in the UAE real estate investment market improved during the second quarter of 2012, boosted by the rising availability of funds, according to the Royal Institution of Chartered Surveyors (RICS).

Its latest Global Commercial Property Survey said purchaser enquiries rose for the second consecutive quarter and transactions are forecast to rise in the coming months.

It said 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 percent more respondents indicated that money available for investment in real estate increased during the second quarter of the year.

via UAE real estate ‘close to stabilising’, says RICS – Real Estate – ArabianBusiness.com.

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