Dubai's office sales market are set to see further price declines of between 10-12 percent, Kuwait-based Global Investment House said in a report.
Global said the average drop in Dubai office selling prices was 58 percent between the peak in the fourth quarter of 2008 and the end of Q1 this year.
It said average selling prices had dropped from AED2,250 per sq ft to AED933 per sq ft during the same period.
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