40% of Dubai Office Space EmptyTuesday, December 01, 2009
 According to real estate broker Knight Frank LLP, about 40% of Dubai's office space is currently empty after the emirate's construction spree outpaced demand, Bloomberg has reported. Vacant office space totals 10 million square feet, the broker said. If developers meet current completion dates, total office space will double to about six million square metres by the end of 2011, according to research by broker Colliers International, which also put the vacancy rate at 40%. Source: AME Info
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