Rental rates at DIFC faring well

Commercial rental rates in the Dubai International Finance Centre (DIFC) are faring better than many other business locations, with the DIFC well placed to withstand the economic downturn, according to CB Richard Ellis, the global property consultancy.

While the DIFC has not been left unaffected by the global financial crisis, it is still maintaining its status as one of Dubai's prime office developments.

Quoting rents for space had reached as high as Dh750 per square foot before falling away over the last two quarters.