There is confusion around Dubai’s commercial property market. That’s according to the latest report by the Royal Institution of Chartered Surveyors (RICS), which says despite the fall in oil prices, the UAE economy is not struggling as much as many other countries in the GCC. However, 36% of property professionals in the emirates believe the commercial property market is just beginning to decline. Other countries seeing the same situation include Singapore at 58%, Jakarata at 55% and Perth at 33%.
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