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The Dubai government has made a number of announcements designed to promote foreign investment and investor confidence, which is likely to boost demand in the office market in the medium term, says JLL's latest report.

Although market conditions in Abu Dhabi remain relatively unchanged this quarter, the second quarter witnessed a major announcement by Sheikh Mohammed Bin Zayed, crown prince, Abu Dhabi, introducing an economic stimulus package for Abu Dhabi to drive economic growth, outlines JLL's latest report.

According to Jones Lang LaSalle's (JLL) UAE Real Estate Market Overview, demand for residential development in Dubai was strong during the third quarter of the year, leading to dangers of potential oversupply.