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Dubai witnesses rise in industrial rents: report

: Wednesday, July 30 - 2014 @ 16:48

According to global real estate consultancy, Knight Frank, industrial rents in Dubai saw a 25% year-on-year rise in the second quarter, while rental values across seven out of nine districts have recorded double digit growth, Gulf News has reported. Class 2 buildings in Dubai Investment Park (47%), Jebel Ali (39%) and Ras Al Khor (36%) all saw double digit rental growth in the April to June period, according to Knight Frank. Meanwhile, Class 1 buildings in Dubai Investment Park, Jebel Ali Free Zone (Jafza) and Al Quoz recorded rental growth of 29%, 12% and 9%, respectively, the report said.

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Wednesday, July 30- 2014 @ 16:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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