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Average mall rents up 36%
- United Arab Emirates: Tuesday, August 01 - 2006 at 09:33
Rents for retail space in Dubai's shopping malls rose by an average 36% from 2003 to 2005, and are expected to go higher, according to data by Dubai-based GRMC Advisory Service cited by Gulf News. The high point at the end of 2005 was around $190 per square foot. Mall rents across the UAE rose by an average 22.4%, with those in Abu Dhabi up 17.6% and Sharjah 21.7%.
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James McInerney, News EditorTuesday, August 01 - 2006 at 09:33 UAE local time (GMT+4)
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