After loading up on lavish office space near the top of the market, some firms are trying to sublease what they don't need for as much as 30% less than their rental rate.
Real-estate-investment trusts staged the best performance in their history during the second quarter on growing perceptions that most REITs are out of immediate danger.
Emaar, the Middle East's largest developer, is in talks to merge with three state-controlled property firms because of a sharp downturn in the emirate's property market.
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