Dubai and Abu Dhabi witnessed rent increases to Prime, Grade A and Grade B offices
Prime office market
Latest in Prime office market
Deloitte
Saudi real estate: Residential transaction value falls 15% to $21.1bn in key markets but prices and office rents climb, hospitality sector thriving
Saudi Arabia saw fewer residential real estate transactions last year as prices increased in Riyadh and Jeddah
DIFC
Dubai’s ICD Brookfield Place 95% leased
ICD Brookfield Place in Dubai has tenants including Bank of America Merrill Lynch, BNP Paribas, Clifford Chance, JP Morgan and Reliance
Abu Dhabi
Abu Dhabi real estate: Office market surges on high employment growth in 2022
Abu Dhabi office rents in key submarkets growing as new jobs are created
Abu Dhabi
Expo 2020 boosted hotel revenues riding high on leisure demand for beachfronts in Q1 2022
In the residential sector, improving tenant demand broadly underpinned the annual increase in rents in February, of 11 percent in Dubai and 3 percent in Abu Dhabi, according to a JLL report
KPMG
Oversupply driving down office rents in Saudi
Pressure on lease rates in Riyadh and Jeddah expected to continue
DAFZA
Why Dubai firms are benefiting from lower office rents, incentives
Research by Savills says current market dynamics are favouring occupiers as landlords are forced to offer benefits
Dubai
Developers said to restart Dubai office projects as Expo 2020 looms
New JLL report says Dubai government’s regulations are expected to drive real estate market this year
Dammam
Office demand expected to grow in Dammam
Dammam is home to the King Salman Energy Park mega-development
Bahrain economy
Bahrain’s GFH acquires UK business park
GFH Financial Group says it has bought Westside Office Business Park in Hemel Hempstead, England
Knight Frank
Lack of prime office space said to be holding back Saudi market
Knight Frank says Saudi firms are struggling to find quality accommodation for their expansion plans
Bahrain's sovereign wealth fund
Bahrain’s Mumtalakat inks deal to acquire US office buildings
Sovereign wealth fund of Bahrain announces acquisition of office buildings in Charlotte, North Carolina
Dubai real estate market
Dubai forecast to see rapid rise of flexible office spaces
New JLL report says Dubai currently has 55 projects offering around 70,000 sq m of flexible office space
Dubai
Dubai office rents continue to soften as supply rises
New report says Dubai’s office market has seen an increase in relocation and consolidation activity, exerting downward pressure on occupancy levels
Dubai
Dubai office market set to see demand boost from gov’t incentives – JLL
New report says gov’t announcements will ‘have the potential to directly increase investment and office occupancy’ across Dubai
CBRE
Kuwait City office rents rebound to peak levels
CBRE says prime commercial properties in Kuwait City have returned to levels last experienced in 2008
commercial real estate
Average Dubai office rents soften by 4.3% in a year
New Knight Frank report says occupier market witnessed a strong start to the year with a clear uptick in demand