Category: Dubai
Dubai’s real estate sector rises in H1 of 2024 – MENAFN.COM
Date 7/17/2024 5:56:49 AM (MENAFN) Dubai’s Real estate sector has experienced remarkable expansion throughout the first half of 2024, driven by multiple factors that underscore robust demand and heightened confidence among investors and tenants alike. Key drivers of this growth include investor-friendly policies, a tax-free environment, and substantial infrastructure developments such as the new airport, metro expansions, and the Etihad Rail. These initiatives have spurred interest in surrounding areas and bolstered enthusiasm for upcoming projects. The market has also benefited from a surge in new residents and ongoing construction of…
Read MoreDubai offices see surge in pre-commitment as Indian, Chinese European firms expand to UAE – Khaleej Times
Published: Wed 17 Jul 2024, 11:35 AM The office sector in Dubai’s real estate market is experiencing a significant uptick in pre-commitments for the first time as UAE has emerged as a preferred destination for corporates to expand their footprint in the region. Industry executives say that Grade A office space in Dubai is operating at over 95 per cent occupancy level, with demand mainly coming from Indian, Chinese and European firms alongside existing corporations expanding their operations. “Pre-committing space across under-construction projects has increased across most micro-markets. While it…
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