Dubai, Doha office rents to soar 20%

Office rents in Dubai and Doha are likely to rise about 20% during the next year as demand outpaces supply and international businesses expand in the Gulf, said property services company CB Richard Ellis.

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The Arabian Canal

The region's biggest engineering project with an estimated project value of US $11 billion (AED 40.3 billion) and extending 75km in length, the Arabian Canal will eventually become home to two million people - doubling the emirate's current population.

Says Ian Raine, development manager for Arabian Canal, Limitless: "It is just getting it moving. Obviously there has never been anything of this scale in Dubai - it is the largest yet ever undertaken, so we have challenges as part of that."

The face of Dubai will inexorably change once again. While it is often commented that a year is a long time for Dubai, come 2015, it is going to be unrecognisable.

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Reaching for the sky

Abu Dhabi's desire to be one of the Middle East's main attractions in the coming years, was clearly illustrated earlier this year, when it announced a number of high-profile developments, which not only were broad in scale, but stood out against the frenzy of Dubai for their affiliations with international names such as the Louvre and Guggeinheim.

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