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Dubai Commercial Property Rents Likely to Ease
Dubai Commercial Property Rents Likely to Ease
A supply surge in commercial property in Dubai this year is expected to raise which in turn is likely to ease the rents.
Dubai,
UAE,
United Arab Emirates
(pr4links.com)
19/10/2010
Dubai, UAE- October 19, 2010 - Middle East is a key international business hub and home to an open and free competitive market environment. It presents tremendous opportunity to do business in Dubai and across emirates. According to latest reports, the rent of commercial property in Dubai is likely to ease as vacancies increases to about 50 percent.
There are several real estate projects which are likely to end this year increasing the supply of commercial space to the investors. This is sure to drop the rents which will ultimately turn as a shining period for investors who plan to start their business or requires more space to expand their business in Dubai. The study said Dubai currently has 48 million square feet of commercial space on offer, but 38 per cent is sitting vacant. Meanwhile, financial commercial business districts (CBDs) have 7.5 million square feet of stock with 12 per cent vacancy. The latter is expected to see rents slide slightly, with vacancies seeing a gradual upward slope. Other commercial areas with lesser demand will see rents fall sharply, causing a fall in vacant properties. This will be beneficial for new business starters to rent commercial property in Dubai at very attractive prices. Also, popular commercial areas such as Dubai International Finance Centre and Burj Khalifa, the world's tallest tower, and the Tecom freezone, which includes Media City and Internet City, have several commercial projects set for completion by year-end, raising concerns over controlling new space at alluring rates.
Move in Dubai which is a well known real estate firm in Dubai deals in various rental properties in Dubai. They have an extensive portfolio of commercial rentals in Dubai at affordable prices. Their aim is to provide superlative services to their clients and provide them with the best property deal.
Visit the website for details: http://www.moveindubai.com
Contact:
Shop 2, Al Bishri Building,
Al Barsha, Dubai, U.A.E
Dubai, UAE
Tel: 00971 (0) 44 327 866
Fax: 00971 (0) 44 327 865
http://www.moveindubai.com/
Email: alfrenzodubai@gmail.com
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