Monday, August 17, 2015

Weak oil prices mire Abu Dhabi office demand

Dubai: The continued softness in oil prices seems to have mired Abu Dhabi’s commercial realty market, with the number of enquiries taking a hit in the first six months of the year. And where they can, prospective tenants are making do with offices of between 200-500 square metres, according to a report by Knight Frank.
Businesses in the oil and gas sector have naturally been keeping a low profile under the circumstances, and so have entities that rely heavily on government led spending to go in for a higher profile.

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