Jones Lang LaSalle has issued its report on United Arab Emirates Real Estate trends, indicating that return on equity will put the hospitality industry as the first to recover. The hospitality industry will become more focused on optimizing financial performance in 2011.
Predictions include:
1. Property/asset management is No. 1 risk for real estate
2. Lower supply projections than anticipated to help smooth out cycle
3. Rental markets in Abu Dhabi and Dubai moving in favor of the tenant
4. Selective stability in residential market
5. Increased office leasing activity
6. Retail market shifting focus from super regional malls to community retail centers
7. Hotel market stabilization in Dubai, softening in Abu Dhabi
8. Light industrial/logistics offering low risk and stable yields
9. Transaction levels to remain subdued in 2011
10. Greater economic integration across the region
11. Infrastructure is key driver for real estate recovery
