Friday 26 December 2014
 
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office space

Dubai prime office rents jump 25pc in Q3

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

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Economic growth drives Abu Dhabi office market

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

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Sharjah office rents set to rise amid big demand

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

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Abu Dhabi office market ‘still stagnating’

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

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Dubai office demand ‘will restart stalled projects’

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

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Dubai villa rentals increase 3pc in Q1

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.  However, r

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Abu Dhabi real estate 'set for major growth'

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

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Office space ‘major snag to expanding abroad’

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

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MNCs to maximize office space in Gulf

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

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Realty Capital completes 'i-Rise' office tower

Realty Capital has completed construction work on its centrepiece 'i-Rise' business tower project in Tecom Site C. The developer has revealed that a number of high-profile tenants have already started fit-out works in their respect

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