Strong demand for high quality office space is poised to drive the GCC’s construction market to $126 billion in 2016, up 38 per cent over 2013, according to an industry expert.
"GCC companies of all sizes are upgrading
A shortage of prime office space in Dubai, UAE, which is being underpinned by robust demand, has created a strong upward pressure on rents across the city, a report said.
This is supported by a rapidly diminishing supply of Grade
Abu Dhabi’s economic expansion across key sectors such as aviation, education, and healthcare, coupled with the continued growth of the hydrocarbon industry is driving increased demand for office and industrial space in the emirate, accord
With the general economic restructuring now starting to bear fruit in Sharjah, UAE, the demand for top quality office space in the emirate continues to rise, said a report.
The occupiers are focused on Grade A space, similar to th
Despite the on-going drive for economic diversification in Abu Dhabi, the office market is yet to see any benefit, with weak, but stable demand levels leading to a stagnation in commercial rents, a report said.
With mixed availabi
Increased consumer confidence and demand for office space in the first three months of the year will encourage previously stalled developments to restart in Dubai, a report said.
Despite predictions of price rises, Dubai’s o
The residential villa market in Dubai experienced positive rental rate growth for the first time since 2008/2009, with average lease rates increasing by 3 per cent in Q1 this year from the previous quarter, a report said.
The economic growth in Abu Dhabi offers encouraging outlook for real estate sector as more than 23,000 residential units and 600,000 sqm of office space are set for delivery this year.
Sound economic fundamentals, a solid fiscal stance and
One-third of firms taking part in a recent survey said the biggest obstacle to overseas expansion is the challenge of setting up a physical presence in a foreign country.
Sixty-three per cent of companies also said that property commitment
Maximizing office space now tops the agenda of many of the regional multinational companies in the Gulf despite the softening of office rents, according to Dubai-based interior architect Pringle Brandon.
Trends towards increasing the