Dubai office rents recovery gains pace | The National

Dubai office rents recovery gains pace | The National:



"The rebound in rents for Dubai’s hard-hit office market looks set to gain pace over the coming months.



“Over the period of the next 12 months, demand for prime office space will continue to increase as companies upgrade their existing setup or expand their offerings in light of the recent positive activity,” said Nick Maclean, the managing director at CBRE Middle East. “The lack of high-quality offices in the CBD area and the increased demand from corporates has resulted in rentals slowly rising in prime locations.”



Earlier this year Tecom, which operates Dubai Internet City, Dubai Media City and Dubai Knowledge Village, increased rents and service charges by as much as 43 per cent in some areas."



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