Posted by Bob Brunskill
Location is expected to become the main priority for those looking to buy commercial property in Dubai.
This is according to Asteco, which stated businesses will look for great positioning and amenities when they set up in the emirate.
Elaine Jones, chief executive officer of the firm, which provides property services in the United Arab Emirates, said office developments with access to the new metro stations and shopping malls, as well as good facilities like parking, will prove popular.
She said location has always been important in selecting commercial property in Dubai, but noted the increase in choice and decreasing costs as a further motivating factor.
"The decline in the real estate market is helping to re-position Dubai once again as an attractive business location giving companies the ability to shop around for the best value for money," she commented.
Supply in this sector is expected to double by 2011, according to research conducted by Landmark Advisory, published in the National.
The study also suggested prices would become increasingly competitive with other nations in the Middle East.