They may be neighbours but the property markets in Dubai and Abu Dhabi*appear to be going in opposite directions, according to a new report.The global economic crisis has resulted in an increasing divide between*the two real estate markets with property prices falling 53% in Dubai in*the last year but rising by 36% in Abu Dhabi, the Cost of Living report*from Kershaw Leonard, shows.
The Dubai based recruitment and HR consultancy describes the real estate*sector as a place where it is 'survival of the fittest' and a major*contrast to 2008 which it compared to the California gold rush of the*1800s.
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Abu Dhabi prices increasing but next door in Dubai they are plummeting, report shows
