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For the office market, a shortage of Grade A property is already being felt and here the market will be stable in 2010 and improve thereafter. Lower grade office space rents and prices will fall until 2012. The new study notes: “New Grade A office spaces such as the Aldar HQ Building in Al Raha Beach continue to command annual rents in excess of Dh325/ft² as there is a genuine shortage of Grade A office space in the city.”
