Property Times

Dubai : Market stabilisation after period of recovery - Q4 2014

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Dubai GDP grew by 3.1% in the first half of 2014 and is expected to continue to grow.

Dubai office stock had reached 6.5 million sq m by the end of 2014, a 2.5% increase compared to total dedicated office space that existed at the same time in 2013.

A DTZ survey covering major commercial districts in Dubai shows a continued demand for offices in well established areas like Downtown Dubai, Sheikh Zayed Rd, DIFC and TECOM.

Office rents stabilised over Q4 2014 compared to the previous quarter, standing at an average of AED 1,345 per sq m, Y-o-Y prices have increased by 11.5%.

Source : DTZ

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Mots-clés : DTZ