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September 05, 2010 United Arab Emirates
  
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Rustar Real Estate
Dubai office rents lowest for two years

Office rents in Dubai have fallen to their lowest level in two years, according to a report by Jones Lang LaSalle. Rents for the most expensive office space fell 25% in the second quarter compared to Q1, following a 45% drop in the first three months of 2009. Excluding the Dubai International Financial Centre, annual rents average Dhs225 ($61.3) a square foot, the lowest since mid-2007. With an estimated 25 million square feet of office space due to come onto the market by the end of 2011, prices are expected to fall further.

August 26, 2009
AME Info

No Emaar's projects on hold

Residents Spell Out Wish List

New off-shore oil field in Dubai

RERA to Launch Property Price Index in 2010

Du's one-fil-a-second rate

Middle Eastern, North African economies coping well with global crisis



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