Dubai prime office rents likely to stay flat as major new developments add to supply glut | The National

Dubai prime office rents likely to stay flat as major new developments add to supply glut | The National:

"An additional 1 million square metres of office space is soon to hit the Dubai market over the next 15 months as the economy shows signs of slowing.

According to the property broker Knight Frank, the amount of office space in the emirate is set to rise from 9.5 million sq metres to about 10.5 million sq metres by 2017 as three major new developments come on stream.

Prime office developments due for completion by this year include the remaining buildings in the first phase of Tecom’s 185,000 sq metres D3 development at the Design District, the 20,000 sq metres C1 office development at Dubai World Trade Centre, and Dubai Multi Commodities Centre’s (DMCC) 27,000 sq metres One JLT."



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