Dubai’s office market set to bottom out in 2012

Prices in Dubai’s commercial property market may be bottoming out and are likely to be stable by the end of 2012, a new report has said.

The Royal Institution of Chartered Surveyors said capital values, although still falling in Dubai, were showing signs of stabilisation in the first quarter of this year.

Its Q1 survey said the investor market saw sentiment improve significantly in the first three months of 2012 with 28 percent more respondents reporting a strong rebound in investment enquiries.

“This is a significant turnaround given the generally negative trend in enquiries over the last couple of years,” RICS said in a statement.

via Dubai’s office market set to bottom out in 2012 – ArabianBusiness.com.

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