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.
Listen
ADNOC and partners to develop mega gas project
Bank fined AED 20 million for repeated regulatory failures
UAE announces Retail T-Sukuk subscription details
Dubai tops global greenfield FDI rankings fifth year in a row
Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secret
