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Dubai office rents down 14pct in 12 months

Posted on 08 November 2010

From Emirates247.com: Office rents in Dubai are at their most affordable levels in years, having witnessed a decline of more than 14 per cent year-on-year on an average in October 2010 as new supply continues to depress commercial rentals across the emirate, an Emirates 24|7 analysis of data provided by Better Homes, a real estate consultancy, shows.
Average office rents in Dubai stood at Dh101 per sq ft in October this year, down 14.16 per cent from the average Dh117 per sq ft they commanded during the same month last year, according to the consultancy’s monthly rent monitor……………………………………….Full Article: Source


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