The impact of the softening global economy continues to hamper the UAE's office market as redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the emirates.
For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years
According real estate consultancy Cluttons, Dubai, Abu Dhabi and Sharjah have emerged as the region's most popular investment destinations amongst GCC High Net Worth Individuals.
According to international real estate consultancy Cluttons, Sharjah's residential property market is starting to show signs of softening at the end of 2015.
With a 54% decline in oil prices during the past 12 months, UAE real estate market is beginning to feel the effect with property transaction levels falling.
The stabilization of rents across Sharjah's residential property market has resulted in rental costs remaining unchanged during Q1 2015, following a 23.9% increase in 2014.