The total supply of office space in Dubai is currently 120 million square feet. In the next five years this is expected to grow to only 135 million square feet which is a mere 13 percent increase. However corporate demand is growing much faster with…
The total supply of office space in Dubai is currently 120 million square feet. In the next five years this is expected to grow to only 135 million square feet which is a mere 13 percent increase. However corporate demand is growing much faster with 40000 new companies registering annually. This severe mismatch between slow supply growth and rapid demand growth guarantees that office rental rates and asset prices will continue to rise aggressively.
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