Dubai and Abu Dhabi named as preferred Middle East locations for economic growth
A report by real estate broker CB Richard Ellis suggested economic growth has returned to the UAE.
The research, designed to establish the most practical head office locations, showed a strong trend towards Dubai and Abu Dhabi, with 31% and 21% of the vote respectively, naming the emirates as the preferred location for economic growth out of 12 Middle East cities.
Other locations in the survey included Doha, Riyadh, Kuwait City and Amman.
CBRE Middle East managing director Nicholas Maclean commented: “The results of the research conducted are very encouraging for the UAE market, not only by strengthening the significance of Dubai and Abu Dhabi, but also the importance placed on the UAE in the Middle East region by top management.”
Respondents’ decisions were based on rental prices, suitability of location, service charges, staff access and the building’s appeal to clients.
“Previously the region, especially the UAE, was often considered too expensive to operate in. Another important statistic produced by the survey suggesting economic growth has returned to the region. Top management are optimistic in predicting the growth of their companies and this will be reflected in the growth of the UAE as whole,” Maclean added.