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Rents for properties in Dubai fall between 40 and 50 pct in 9 months

Posted on 31 July 2009

From Gowealthy.com: The rents for offices in Dubai have collapsed 50 per cent in the last 9 months due to fall in business activity with rates of residential properties also tumbling 40 per cent.
According to CB Richard Ellis (CBRE) in its quarterly UAE Property Insight Report, further drops in commercial and residential rents are likely as Dubai’s property market faces a 3 to 6 months continued negative growth. ………Full Article: Source


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