Sunday 9 September 2012

DIFC still growing too slowly to fill up its empty new office towers « ArabianMoney

There are only around 13,000 people working in the Dubai International Financial Centre and that total includes the purveyors of fast food and the like. Figures released today showed that the total number of firms registered grew from 848 to 899 at the end of the first half compared with a year ago, though again that included a wide range of ancillary service companies.

Strip back to the core and the number of regulated companies was up by only seven to 329 on the half year comparison. That is not going to be enough to fill up the acres of third party-owned office space now coming on to the market in the DIFC that could easily accommodate more than twice its existing population.

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