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Wednesday, 31 August 2016

DIFC office rent rises among the fastest in the world | The National

DIFC office rent rises among the fastest in the world | The National:

"Rents in Dubai International Financial Centre are rising at the fourth-fastest rate in the world.

According to property broker JLL, rents for offices in DIFC rose by a fifth in the year to the end of June as tenants struggled to find space in Dubai’s most prestigious office location.

"Underlying market fundamentals are sound, and corporate demand remains strong, notably in Dubai as office vacancy rates continue to decline in the DIFC," said Jeremy Kelly, a director in global research programmes for JLL. "As a result, we have witnessed a boost in rental values in the DIFC, unlike other locations, where rental values have remained largely unchanged.""



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