feature-img

Office Trends – Quarter One 2019

June 10, 2019

Office trends

Dubai

The barren conditions for economic growth that the city is facing has led to slow business development and growth. Expansion of offices or opting bigger spaces have been low during this period.

The consequences are increased demand for co-working office spaces, fully fitted office spaces or serviced offices.

The office rental rates are further expected to decline well into the coming quarters of 2019.

Click here to see the Dubai office rental rates

Abu Dhabi

The average office rental rates for Abu Dhabi have plummeted by 2% in Q1 2019. When compared to the previous year’s same quarter, the office rates have declined by 5%.  Certain low and mid quality office buildings have faced a downfall of 13% in their rental rates over the past year.

Due to the tight demand, landlords continue to provide incentives like discount rates on renewal of the contract.

Click here to see the Abu Dhabi office rental rates

Information Credits: Asteco


Disclaimer: The stories are a work of fiction based on facts. Identies and details may have been altered to suit the narrative.

Write a Comment

Your email address will not be published. Required fields are marked *