Bahrain’s office market has been suffering from an oversupply of office stock and weak occupier demand since the 2008-09 global economic turndown, a report said.
Not surprisingly, this has led developers to scale back office
Middle Eastern unrest is seen putting a floor under oil prices this year, while increasing supply and a stronger dollar driven by an expected easing of U.S. stimulus will push prices lower in 2014, a Reuters poll showed.
Residential rates in Abu Dhabi have fallen over the past 18 months due to oversupply and low demand, especially in older areas which continue to experience falling rents as people upgrade to more modern developments, a report said.
Continued oversupply will delay a property market price recovery in both Dubai and Abu Dhabi emirates, according to analysts.
Dubai's once-booming property market can expect more pain with oversupply likely to delay a recovery&nbs
The global dry bulk freight market is expected to stay weak throughout 2012 and into 2013 due to an oversupply of ships, a senior executive of major ship brokerage Braemar Seascope said on Tuesday.
The industry has been struggling with a s
The conditions in the shipping industry is likely to worsen in the next one and half years mainly due to a steady oversupply of vessels, according to a report by Moody's.
The rating agency in an 'Industry Outlook Update' published on Wedn
Rents in Bahrain in the retail, office, residential and industrial sector have fallen as developers increasingly realise they have failed to focus on end-users' demands, a top market analyst said.
Oversupply had been mounting as a resu
Dubai house prices and rents are set to fall 10 percent more in 2010 and not recover until 2012, as the resumption of some projects and completion of others weigh on an already-oversupplied market, according to a Reuters poll.
Dubai sent s