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Business Bay area to benefit from Dubai stock exchange’s relocation plan: JLL

Tuesday, 19 April 2016 at 13:41

The Dubai Financial Market’s plan to relocate its headquarters to the Business Bay area could boost demand for office space in the locality. That’s according to the property advisory firm JLL, which says the stock exchange’s recent announcement is expected to generate strong interest from brokerage firms and financial services companies. The news comes amid reports of limited activity in Dubai’s office market during the last three months. Craig Plumb, Head of Research at JLL MENA explains there is demand for good quality space but there is an oversupply of secondary space which is keeping rents flat.

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