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On residential, an estimated 25,000 units could be delivered in Dubai this year, JLLS estimates.
The JLL professionals overseeing the leasing assignment include Steven Rotter, executive managing director; Michael Berg and Howard Hersch, managing directors; Lloyd Desatnick, senior vice president; and Sam Melligon, associate.
As for the current year and early next, JLLS expects another 4,000 units to be handed over, including the Landmark Tower on Corniche, the Gate Towers on Reem Island and Al Reef Downtown in Al Reef.
However, he said, "I don't think we'll ever be displacing the JLL and CBRE's of the world."
JLLS estimates Abu Dhabi will add around 1 million square metres of retail space between 2013 and 2017.
Given its scale and prestige, "Yas Mall's reported average lease rate ranges between Dh4,000 to Dh4,500 square metres per year," said David Macadam, regional director and head of retail at JLLS.
According to a new report issued by Jones Lang LaSalle (JLLS), multinationals, including GE and Siemens, have been heavy hitters in Riyadh's office leasing space.
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