Dubai Office Rents Drop in Second Quarter as More Supply Comes on Market

"The value of leases has dropped by 60 percent since the mid-2008 peak, while prices slumped by 57 percent and occupancy dropped to about 71 percent from 90 percent, according to property researcher Colliers International. The total space available will rise to about 6.4 million square meters from about 3.6 million square meters at the end of 2009."