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Dubai's office rents rank 2nd in EMEA region
- United Arab Emirates: Tuesday, July 14 - 2009 at 14:25
A new report by CB Richard Ellis has found that office rents in Dubai are the second highest in the Europe, Middle East, and Africa (EMEA) region, but will continue to fall as landlords compete to secure tenants and demand weakens due to the fallout from the economic downturn. At $1388 per sq metre, the emirate's office market trails only London's West End where average office rents were $1421 per sq metre, the report said. Moscow, Paris and St Petersburg were the next three strongest office markets in the region, the report added.
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