Rentals

Average office lease rates in Dubai's key submarkets have surged by 22.4% in the past year, according to the latest Dubai Office Market Review report for H1 by global property consultant Knight Frank. This growth is driven by rising demand and limited supply across the city's top office submarkets with Dubai Grade A office occupancy levels currently exceeding 90%. Faisal Durrani, Partner – Head of Research, Mena, commented: “Despite concerns that the pandemic would lead to a permanent shift toward remote working, demand has in fact surged, which stands in sharp contrast to many other global cities. Businesses remain laser-focussed on securing best-in-class space, not least because of the proven links between occupying Grade A offices and the ability to attract and retain the…