| From Khaleejtimes.com: Office space rentals in Dubai have plunged by 63 per cent in the last nine months, but prices are likely to fall further for the remainder of 2009 and 2010 as a dearth in demand, along with abundance of new supply, will keep the emirate’s office space leasing market sluggish, especially in the freezone areas, said property consulting company CB Richard Ellis Middle East.
CBRE said the biggest drop in rents has been felt the most in the new freezone areas of Jumeriah Lakes Towers and Dubai Silicon Oasis....................Full Article: Source
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