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Retail rents fall in Dubai, Abu Dhabi
- United Arab Emirates: Wednesday, July 01 - 2009 at 11:29
A new report by CB Richard Ellis has found that retail rents in Dubai and Abu Dhabi dropped for the first time in at least a decade in the first quarter of this year. The report said retail rents in Dubai fell 11% in Q1, while rents in Abu Dhabi slipped 3.5%. The drop reflects the decrease in retail sales caused by the global economic downturn, the report said.
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