image description
image description
Tell A Friend

FinancialNews


  • 13-05-13

    Dubai expects 5% increase in commercial rents

    (MENAFN) According to a survey by the Royal Institute of Chartered Surveyors (RICS), a 5-percent increase will occur in Dubai's commercial property rents during this quarter, reported Arabian Business. RICS noted that an oversupply of office accommodation raised vacancy rates to an average 30 percent across the emirate. It also said that there is a huge demand for prime properties in areas including Business Bay and Downtown; however, demand for tier-two space is still weak. Positive results were recorded in the investment market, and the commercial development jumped in the first three months of 2013.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved