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Dubai and Doha office rents to hike 20%
- Wednesday, December 12 - 2007 at 08:34
Nicholas Maclean, managing director for Los Angeles-based CB Richard Ellis, said he expects office rents in Dubai and Doha to increase about 20% over the next year and a half as demand outpaces supply and international businesses expand in the Gulf, reported Reuters. MacLean said the highest quality offices in Dubai cost as much as Dhs500 ($136.20) per square foot, but could rise to to Dh600 per square foot during the next year to 18 months.
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Jeff Florian, Senior ReporterWednesday, December 12 - 2007 at 08:34 UAE local time (GMT+4)
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