There is an unsatisfied demand for commercial property in Dubai right presently, estimated to be about 2 million square feet, said Nicholas Maclean, CB Richard Ellis Limited Middle East. Although this demand will be met over the next two or three years, there remains a potential risk of over supply, he said, according to Gulf News.
The Dubai authorities have predicted that Dubai's population will need to grow by 7.2 per cent per year over the next few years to ensure this commercial space is filled.
