Analysts bullish on Dubai’s prime office space as rents rise | The National

Analysts bullish on Dubai’s prime office space as rents rise | The National:



"Rents for Dubai’s most prestigious offices could rise by 20 per cent this year and another 10 per cent next year, property experts predict.



Rent increases for the best offices in prime Dubai locations will be driven by demand from corporates and small businesses, the property agent Knight Frank estimates.



Having rocketed to a high of Dh4,000 per square metre during the boom years and languished at a low of just over Dh1,500 in the crash, rents for the best areas of Dubai under sole ownership (excluding Dubai International Financial Centre) rose last year for the first time since the crisis and reached Dh1,950 per sq metre during the first three months of this year, Knight Frank said."



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