Weak oil prices mire Abu Dhabi office demand | GulfNews.com:
"The continued softness in oil prices seems to have mired Abu Dhabi’s commercial realty market, with the number of enquiries taking a hit in the first six months of the year. And where they can, prospective tenants are making do with offices of between 200-500 square metres, according to a report by Knight Frank.
Businesses in the oil and gas sector have naturally been keeping a low profile under the circumstances, and so have entities that rely heavily on government led spending to go in for a higher profile.
But there could be some sectors which can fill this breach. In Knight Frank’s projections, there were instances of more enquiries from the engineering and construction sector. Their belief is to be there when Abu Dhabi ramps up on its infrastructure construction activity."
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