Quote:
Originally Posted by LaCasta
Yes, that may have been the prediction when Business Bay is in full swing and many companies have moved in. They predicted that rents would be from 500 -600 since there will be a shortage of office space for some time to come and then a correction when the supply catches up and the prices going down to 300.
If you are signing a lease when the first companies are starting to move in, then maybe 200 is a safe bet
I am sure there are some people here who know more than me though
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When I said Dhs 150 to 200 psf, it was on the extremely conservative side.
Dhs 500 to 600 is very high, but if what you say is true, I should be laughing to the bank.
Don't forget there will be corrections when all the units come into the market. Such situations should call one to be conservative.
Always take the pessemestic figure when calculating and if it's higher, then it's a bonus.
Regards
Roshan