CB Richard Ellis Group Inc. released a report on Dubai property. Research institutions that write, some pekantoran building in Dubai has a very poor building construction and have the wrong location. Most likely, these buildings will never be occupied."Some buildings will never be occupied because the wrong location, poor quality or have the legal structure of the wrong place," said Nicholas Maclean, Managing Director Middle East of U.S. property broker.
Previously, rampant speculation in the property market after the Government of Emirate Dunai allow foreigners to buy real estate in the region in 2002. Conditions, continued Maclean, encourages buyers who do not have experience in property management to participate gain business advantage pekantoran building property. The result is quite disappointing, in which the buildings seem not much completed and the location is bad.
Not to mention the high level of competition in the area make the building with a strategic location that is not ogled by potential buyers. "The farther the location of Sheikh Zayed Road, the sooner prices fall," said Maclean.
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