The price of Dubai commercial leases continues to fall

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11 September 2019 à 10h00

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According to a JLL study, the rents for Dubai’s best commercial locations fell by 4% in the quarter ending in June 2019 (annual evolution), and this trend is expected to continue until 2020. By December 2019, 620,000 new retail sq.m are expected to appear on the Dubai market, as a consequence of the array of projects signed off in 2014 and 2015.

In parallel, the occupancy rate of Dubai’s “malls” fell by 4% to 82%. “The retail market faces the greatest threat of oversupply of any sect

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