Dubai, UAE in the Clouds at Night

Dubai-UAE-in-the-Clouds-at-Night-.png Add to Facebook download .zip with all pictures

Dubai resident here – depends on the type of property and area in question.

Residential properties tend to have quite high occupancy rates, especially in the areas in this picture (Business Bay/Downtown/Dubai International Financial Centre). This is mostly down to Dubai’s economic recovery the past two years or so – rents have risen up to 30%-40% in some parts of Dubai during this period.

Office towers on the other hand have high occupancy only in certain pockets of Dubai and there’s a lot of empty office space around town. This is because there was a shortage of office space during the boom and a huge amount of office buildings was built to meet the demand. Much of this office space flooded the market just as the economic crisis hit and the result today is that there’s a big surplus of office space sitting empty. That said, this is slowly filling up now with the recovery and more and more previously stalled commercial projects are coming back on line and being completed.

Latest Comments
  1. UrsulaNeel December 22, 2016
  2. bellowsE December 22, 2016
  3. Aselme December 19, 2016
  4. sarkisian93 November 23, 2016
  5. Nyem November 16, 2016
  6. ShellieFiles November 10, 2016
  7. Iss November 3, 2016
  8. Queighty September 30, 2016
  9. Wartin September 9, 2016
  10. Lordnys August 14, 2016
  11. GaleBostick May 15, 2016
  12. NelsonBakken April 17, 2016
  13. Nulad March 16, 2016
  14. Reavis2000 February 26, 2016
  15. Sylye February 22, 2016
  16. fogleodelia January 30, 2016
  17. Rac January 7, 2016
  18. bellowsE November 16, 2015
  19. Rynepi November 16, 2015
  20. Adir October 29, 2015
  21. Inest October 11, 2015
  22. Tiaeld October 6, 2015
Comments are closed.
Click on Like Page, to get new amazing photo every day on facebook.