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FINANCIAL NEWS
Dubai logs 20pct rise in rentals over Q1
11 May 2016
(MENAFN) Dubai’s office properties were the top performing across the Middle East throughout the January-March period, with rentals surging by 20pct y-o-y.
The overall MENA Index rose 2.7pct during the quarter, pushing the annual rise for cited period to 11.9pct, with demand concentrated in limited Grade A space.
Basically, with the world’s top real estate markets appearing to be back on track following a cautious start to the year, business sentiment is steadily improving.
Additionally, leasing volumes are projected to broadly match those of the previous year, not to mention some upside potential of up to 5 percent.
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