Dubai office rents continue to rise
- United Arab Emirates: Tuesday, February 26 - 2008 at 08:27
Demand for office space in Dubai continued unabated last year with huge increases in capital values in locations where new buildings are near to completion, according to a report by Asteco Property Management. The city now commands one of the highest global rental yields for commercial premises, ranging from 17-18%. Rent for office space increased by about 5% on average over the last quarter, with Sheikh Zayed Road and Oud Metha seeing surges of 6 and 12% respectively.
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Jeff Florian, Senior Reporter



