US President Biden made the announcement at the United Nations General Assembly in New York, and called on other countries to follow suit
The softening of rents came in the backdrop of several Dubai-based businesses gearing up for down-sizing, putting expansion plans and new start-up campaigns on hold, said Andrew Chambers, managing director of Asteco.
Areas affected the most include free zone developments,
“Office sales, on the other hand, appear to be more resilient to the downturn as the supply-demand gap in commercial space is still wide owing to delayed delivery of projects at
Residential sale prices have also relaxed, according to Asteco’s 2008 fourth quarter research report.
However, areas such as
Downtown Burj Dubai prices have decreased from Dh3,750 in the third quarter to Dh2,700 per square foot in the fourth quarter of 2008, recording a 28 per cent change and Dubai Marina rates have contracted by 18 per cent from Dh2,200 in the third quarter to Dh1,800 per square foot in the fourth quarter of 2008.
“Ultimately, well planned and superior quality projects from reputed developers in prime locations will stand out and command competitive prices.”
US President Biden made the announcement at the United Nations General Assembly in New York, and called on other countries to follow suit
Labour market differential narrows to 12.6 from 15.9
Sheikh Tamim addressed world leaders at the United Nations General Assembly
Anca Mateiu shot two stunning rounds of 66, giving her a commanding seven-shot lead going into the final round
They stressed the importance of preventing a wider escalation of the conflict, which threatens to further endanger peace and stability in the region
Measures are aimed at preserving the integrity and sustainability of the nation's financial and economic system
With an election due in a year, German politicians are wary of potential job losses
"I’ve had success on these courses before—it’s always great to return to familiar ground," says the Dubai Golden Visa recipient