Demand for Grade A office space in key UAE markets rising says Knight Frank

demand for grade a office space in key uae markets rising says knight frank

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Knight Frank has revealed that the demand for Grade A office space is continuing to rise, along with occupancy levels. It also revealed that office rents in the UAE’s two largest business hubs – Dubai and Abu Dhabi – remained resilient over the quarter. “With 265,000sqft of new office requirements during Q3, our data shows that Dubai has seen 739,000sqft of new office demand so far this year, and is on track to surpass the 1.1m sqft of requirements we registered in 2021,” said Faisal Durrani, Partner – Head of Middle East Research at Knight Frank. He added, “The biggest challenge for the market is however a shortage of prime Grade A space. With just 2.9m sqft due to complete between now and

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Demand for Grade A office space in key UAE markets rising says Knight

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ME CONSTRUCTION NEWS Demand for Grade A office space in key UAE markets rising says Knight Frank Knight Frank has revealed that the demand for Grade A office space is continuing to rise, along with occupancy levels. It also revealed that office rents in the UAE’s two largest business hubs – Dubai and Abu Dhabi – remained resilient over the quarter. “With 265,000sqft of new office requirements during Q3, our data shows that Dubai has seen 739,000sqft of new office demand so far this year, and is on track to surpass the 1.1m sqft of requirements we registered in 2021,” said Faisal Durrani, Partner – Head of Middle East Research at Knight Frank. He added, “The biggest challenge for the market is however a shortage of prime Grade A space. With just 2.9m sqft due to complete between now and

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