حقل الأحلام الكويت
If you build it, he may not come after all.
AlQabas has a summary of a recent Middle East Economic Digest ("MEED") report.
Pretty much the report can be summarized in the table below.
CITY | Median Office Rent Per Square Meter | Average Commercial Vacancy | Median Residential Monthly Rent |
Abu Dhabi | $51 | 3% | $3,500 |
Amman | $16 | 10% | $ 800 |
Cairo | $39 | 0% | $ 800 |
Doha | $50 | 20% | $3,000 |
Dubai | $38 | 38% | $1,900 |
Jeddah | $25 | 10% | $1,000 |
Kuwait | $42 | 40% | $2,000 |
Manama | $24 | 10% | $2,000 |
Muscat | $23 | 5% | $1,110 |
Riyadh | $33 | 20% | $1,500 |
As mentioned in the article, it's important to remember that these are median rates for a city. There may be more than one market in a city. So, for example, Shaykh Zayed Road may be booming in Dubai with strong occupancy and rental rates, while other areas are really depressed.
On that latter score, I'd invite my Arabic reading audience to comment if I've translated the terms معدل and متوسط correctly. I'm reading these to be Arabic for the statistical terms "mean" and "median" respectively.
And finally anyone who'd care to comment about the rental rates.
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