Saturday, October 18, 2008

Commercial Property Sector in Dubai - A Trendy Pick

Dubai's commercial property is seen as a profitable option in the business circuit the world over. It is significant in this regard that a number of office buildings in the Dubai International Financial Center have their initial price experiencing a growth within three months' period! In another example of the rising popularity of commercial property in Dubai, the prices of land in the Business Bay area have seen a increase of about 40 percent.

As far as the rental market in the commercial property sector, Dubai is one of the top 10 countries of the world. With an average office space rent at the rate of 329 AED per square foot, the figure continues to shoot up. Still one can witness the current demand-supply equation in the wider Dubai property market applies to office spaces as well. Demand continues to surpass supply even while commercial property in Dubai is on its way to expansion.

1 comment:

Dubai marina apartments said...

I like the way you start and then conclude your thoughts. Nice post.