Office Trends – Quarter Three 2020

November 17, 2020

Office rental rates in Dubai have recorded a quarterly decline of 6%.

Commercial Landlords have offered discounts in rental rates and incentives to retain existing tenants and attract new ones. These include flexible lease terms, reduced agent fees and lower down payments.

Click here to see the Dubai office rental rates

Abu Dhabi

Office rental rates recorded significant drop of 10% over the last three months, with huge discounts on contract renewals.

With businesses implementing cost reduction measures by downsizing and some closing altogether, the pressure on office rentals and occupancy rates is expected to rise until economic conditions improve.

Click here to see the Abu Dhabi office rental rates

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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.