Dubai rental prices have seen a huge drop over the past year, however office prices in Dubai continue to be some of the highest in the world.
There are still many Dubai offices for rent as supply continues to outstretch demand in the commercial real estate arena. Business Bay is a huge development focussing predominantely on offices for rent and as more buildings come onto the market in 2010, there will be more and more offices left empty.
Despite this oversupply in the market and the sharp fall in office rents in Dubai it is still surprising to read that office space in Dubai is still sone of the most expensive in the world with the Dubai International Finance Centre (DIFC) being the most expensive.
At least the drop in office rents is now allowing more start-up and SME businesses to take office space in some of the more prestigious addresses in Dubai whereas previously they would have been forced to take up office space in less desirable locations.