Commercial REview Issue 5, Q3 2007
The commercial segment of the real estate market in Dubai has witnessed another quarter of robust sales growth with participation from both speculative investors and end-users in all the asset classes. In the office sector, end users continue to secure completed product in Jumeirah Lake Towers as well as Emaar Business Hub; a sign of continuing maturity. The industrial sector has been affected by the rezoning of traditional industrial areas by the municipality with landlords and market professionals reporting increasing demand, which is fuelling a hike in rental and sales prices. With Dubai Summer Surprises drawing to a close it has been a relatively quiet summer in terms of notable transactions. Within the hospitality sector occupancy rates have been record breaking and an acute shortage of hotel rooms means that revenues have increased.
Date posted: September 30th, 2007
Posted by: betterhomes
Category: Commercial, Quarterly Reviews
Tags: Better Homes, Commercial Review
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