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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa

Dubai rents slide from heady days

Posted on 28 October 2009

From Propertyweek.com: Prices for available space are falling to levels that would have seemed more fantasy than fact just a few months ago as Dubai’s commercial property market becomes hamstrung by the practice of multiple owners having interests in the same development.

The classified advertisement would have seemed unbelievable just a year ago: new offices for rent from just Dh99 (US$26.95) per square foot near Dubai’s commercial heartland……………………..Full Article: Source

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