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Even places adjacent to Dubai Metro would appear expensive, as people would in order to live close to a depot. As for commercial properties, almost rent of Dh.1444 per square foot in June 2007, lots of great was Dh.2060 in June 2008. This marks an increase of 49.7 percent.
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During real estate market bubble, merely was there overbuilding by using residential properties but also with industrial municipal debt market end too. You can't drive 3 miles anywhere without going to a vacant strip of commercial property. Final year increasingly more more prospect builders have filed bankruptcy due to the commercial side of real estate. Another factor that is at issue buy apartment in Dubai the number of malls and retail centers that are losing tenants due to his or her stores going out of marketplace. The market is flooded with commercial buildings and there is not enough businesses left to fill the space.
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