Dubai Occupancy Plunges... to 79%

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A recent report by Jones Lang LaSalle showed occupancy rates in Dubai fell to 79 percent last year, the lowest since 2004, and a five-percent decline from 2007. The horrors! It's certainly all relative, and I'm sure the spending and costs are just as outrageous sounding, but I think many in this country would be plenty happy with occupancy rates in that range. Occupancy is falling there for the same reasons as here: added supply and lessening demand.

For more on the report, check out this.

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