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FINANCIAL NEWS
Dubai expects 5% increase in commercial rents
13 May 2013
(MENAFN) According to a survey by the Royal Institute of Chartered Surveyors (RICS), a 5-percent increase will occur in Dubai’s commercial property rents during this quarter, reported Arabian Business.
RICS noted that an oversupply of office accommodation raised vacancy rates to an average 30 percent across the emirate.
It also said that there is a huge demand for prime properties in areas including Business Bay and Downtown; however, demand for tier-two space is still weak.
Positive results were recorded in the investment market, and the commercial development jumped in the first three months of 2013.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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