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Office Trends – Quarter Four 2020

February 15, 2021
Dubai

Prime office rents in Dubai fell by an average of 6.5 % in the year 2020. Nearly a quarter of all office space lies vacant in Dubai.

Landlords are expected to remain flexible in order to retain and attract occupiers and roll-out incentives such as rent-free periods and flexible payments terms. The move is to maintain the demand for the physical office spaces, despite the ongoing challenges posed by the coronavirus pandemic.

Click here to see the Dubai office rental rates

Abu Dhabi

Office rental rates have registered an average decline of 7% over the year, coupled with a significant increase in vacant offices across the sector.

The office sector in Abu Dhabi has witnessed the most challenges as several business units have either downsized or temporarily/permanently closed their operations.

Click here to see the Abu Dhabi office rental rates

Information Credits: Asteco

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