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Dubai Office Market in Minutes Q1 2023

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Contacts & Related Research

Market Highlights

  • During Q1 2023, office sector demand was firmly concentrated in the Grade A assets in the city, continuing the trend from previous quarters.
  • Rental values on average increased by 2% q-o-q across these developments, whilst they grew nearly 11% across projects in the DIFC micro-market.
  • Serviced office space occupiers have been among the key drivers of office demand across the city.
  • Whilst major tech firms have been reducing their office footprint, new tech firms have been leasing space, resulting in a net increase in occupancy levels across the city.

 

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