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Landmark Advisory: New Rental Law Unlikely to Significantly Impact Rent Levels in the Capital

Landmark Advisory: New Rental Law Unlikely to Significantly Impact Rent Levels in the Capital

We expect an adjustment phase while landlords bring their expectations in line with market fundamentals,” explained Ms. Downs. “This phase will start in Q4-10 and Q1-11 when the new law will take effect. At this time more of the newly developed supply will be readily available throughout Abu Dhabi and specifically in the freehold areas like Al Reem Island and Al Raha Beach.”