Tuesday, May 15, 2012
1250 GMT [Zawya Dow Jones]--CBRE says Dubai's residential sector will see area-specific strengthening of lease, sales and occupancy rates as pipeline supply in developed locations has become increasingly scarce. "The market for established villa locations such as Emirates Living, Arabian Ranches and Palm Jumeirah will remain strong during 2012 with limited new inventory expected in these locations," the firm says in a note Tuesday. Adds however, new supply will enter from emerging areas such as Jumeirah Park, Al Furjan and Jumeirah Golf Estates, which will result in an expanding villa inventory over the next 12 to 15 months.(tahani.karrar@dowjones.com)
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(END) Dow Jones Newswires
15-05-12 1252GMT
