Knight Frank: Dubai’s prime office rents up 2.1% in Q3
By
Posted on
Report accredits the upward pressure on prices to a healthy level of demand and a low supply of prime office space
PHOTO: New office developments in Dubai are set to cater for a growing level of demand, Knight Frank said. Credit: Shutterstock
Dubai’s prime office market has been experiencing a healthy level of demand in the third quarter, with rents up 2.1% compared to the same period last year, reports Knight Frank.
The UK-based estate agency’s report accredits the upward pressure on rents to a healthy level of demand and a low supply of prime office space.
New Grade-A developments like Dubai Design District are scheduled for completion by the end of the year, the report noted.
That, along with other developments expected in the fourth quarter, will cater for a growing level of occupier demand, it added.
