Ismonov Saadi’s Post

Dubai's Growing Business Appeal Fuels #Office Space Demand Dubai’s strategic location, safety, zero personal taxes, and excellent infrastructure continue to attract businesses looking to expand. As demand for Grade-A office spaces rises, rental rates are climbing, with the trend expected to persist. Key highlights: ·      90% overall office occupancy, with Grade-A spaces at 93% ·      19% increase in office rents across Dubai over the past year ·      Business Bay leads with a 64% rent hike in 2023 ·      78% of new office space will be in free zones ·      New Grade-A projects include Aldar's tower on Sheikh Zayed Road and major developments in #ExpoCity Dubai and Dubai Internet City As Dubai remains a prime destination for global businesses, demand for office space continues to grow. Union Square House Real Estate Broker LLC #Dubai #RealEstate #Property #Investment

𝐃𝐮𝐛𝐚𝐢'𝐬 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐑𝐞𝐯𝐢𝐯𝐚𝐥 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐝𝐞 𝐀 𝐎𝐟𝐟𝐢𝐜𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 Attention businesses! Dubai's property market offers an exciting opportunity – the resurgence of premium Grade A office spaces. 𝐊𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: ● Dubai's property market is undergoing a transformation, with Grade A office spaces playing a central role in the recovery. ● Demand for modern, technologically advanced office environments is growing to meet the needs of multinational corporations and entrepreneurs. ● Grade A office spaces prioritize design, amenities, sustainability, and connectivity, fostering collaboration and business growth. ● The rise of Grade A offices reflects a broader revitalization of Dubai's commercial real estate sector. ● These developments contribute to Dubai's vision of becoming a model of urban excellence through sustainable practices and innovative design. ● Grade A office spaces align with Dubai's goals of economic diversification and innovation-driven growth. This trend signifies optimism for Dubai's property market, offering a chance for businesses, investors, and stakeholders to thrive. #Dubai #RealEstate #GradeAoffices #Investment #pointblankuae  #pointblankproperties 

*Overview of the Dubai Office Real Estate Market* In the first half of 2024, the volume of newly constructed office space in Dubai reached 260,000 sq. ft., with a vacancy rate of 8.2%. Despite high demand, this rate has stabilized and is projected to decline further. The shortage is particularly acute in central business districts such as DIFC and Sheikh Zayed Road, where vacancy rates have dropped below 5%, driving up rental prices. Average rents increased by 7.5% during the first six months, with premium-class properties in popular locations seeing hikes of up to 25%. By the second half of 2024, an additional 1.34 million sq. ft. of office space is expected to be delivered, including projects in Expo City Dubai and Dubai Internet City. However, the shortage of high-quality office space is likely to persist until 2027–2028, as new projects require up to four years to be completed. This imbalance favors landlords, complicating office space searches for international companies. Another notable trend is the growing popularity of serviced offices, offering a viable alternative amidst limited traditional rental options. If you want to download full report please follow the link https://shorturl.at/4tU1Q #DubaiRealEstate #CommercialRealEstate #DubaiOffices #OfficeMarket #RealEstateInvesting #DubaiBusiness #ServicedOffices #PropertyTrends #DIFC #SheikhZayedRoad #ExpoCityDubai #DubaiGrowth #RealEstateMarket #InvestmentOpportunities #OfficeSpaces

Average Office Rental Rates in Dubai Grew by 22.4% in the First Half of 2024 In the first half of 2024, Dubai witnessed a significant surge in average office rental rates, increasing by 22.4%. This growth reflects the city’s strong economic recovery and heightened demand for commercial spaces. As businesses expand and new companies establish their presence in the region, the office market is becoming increasingly competitive. Investors and companies alike are taking notice, making this an exciting time for Dubai's real estate sector. 📈🏢 #Dubai #officerental #realestate #commercialproperty #economicgrowth

The #UAE’s commercial property market is now outpacing #HongKong, solidifying its position as a leading global hub for office spaces. According to Bloomberg Intelligence’s survey of over 600 business owners, 43% of UAE businesses plan to expand their office space, a stark contrast to Hong Kong, where landlords are grappling with rising vacancy rates and waning tenant demand. #Dubai leads the charge, with 44% of businesses planning to increase their office footprint, buoyed by a limited supply of high-quality, sustainable office spaces and attractive yields of 5%. In #AbuDhabi, 39% of businesses reported similar plans, supported by even higher yields of 6%. The UAE is also emerging as a co-working powerhouse, with demand for flexible workspaces growing 14% year-on-year in 4Q 2024, compared to a 10% decline in Hong Kong. Dubai’s office market boasts 7.9 million square meters of high-quality stock, dwarfing Abu Dhabi’s 3 million sqm. Yet, both emirates are seeing declining vacancy rates, with Dubai dropping to 8% and Abu Dhabi experiencing a sharper fall to 15%, down from 25% the year before. As Hong Kong’s commercial real estate market stagnates, the UAE’s dynamic approach and business-friendly environment continue to attract global attention and investment. https://lnkd.in/dQd5dxZF

Exciting news from the UAE! The office rental markets in both Dubai and Abu Dhabi have experienced a significant boost in the first quarter of the year. 👉 Dubai: The city continues to thrive as a global business hub with increasing demand for premium office spaces driving up rents. From the stunning views of the Burj Khalifa to the bustling energy of Business Bay, Dubai's office sector is booming! 👉 Abu Dhabi: The capital is not far behind! With new projects and a growing business ecosystem, Abu Dhabi's office spaces are in high demand, leading to a noticeable rise in rental prices. From Al Maryah Island to the Corniche, the city offers prime locations for businesses to flourish. Whether you're a startup looking for a vibrant environment or an established company seeking a prestigious address, now is the perfect time to invest in the UAE's dynamic office markets. #NisusFinance #WeAreNiFCO #Dubai #AbuDhabi #OfficeSpaces #BusinessGrowth #UAERealEstate #Q1Update #CorporateLife #CityOfDreams #BusinessHub

Dubai’s office market will remain under-supplied till 2027-28 which will continue to impact rents in the city as new businesses flourish and foreign businesses relocate to the city ⬆ Due to high demand, Dubai’s office market got a boost with several new launches to cater for the needs of new companies, especially in the Grade-A office space category. Follow us for more news on Dubai real estate market ✅ #dubai #dubairentals #dubairealestate #realestatenews

Dubai’s commercial real estate market is skyrocketing The average rental cost for Grade A offices has risen by 25% over the past year. In Business Bay and Downtown, rental rates have surged by 44% and 36%, respectively. In the first half of 2024 alone, Dubai registered 24,000 new businesses — a 5% increase from last year. These figures highlight how rapidly Dubai is evolving into a global business hub. Office occupancy rates have reached 97%, with demand and rental prices rising at an incredible pace. At Inside, we understand how crucial it is to find a comfortable workspace. Our team recently opened a second office on Palm Jumeirah — stop by and visit us at Office 12, Mezzanine Floor, Golden Mile 8, Palm Jumeirah, UAE! With extensive experience in commercial real estate, we’re ready to assist you. Reach out to us https://ins.is/whatsapp, and let’s find the perfect office space in Dubai to meet your business needs. #dubaicommercialproperty #uaecommercialrealestate #uaenews #uae #dubai #uaebusinessnews

Our Q2 2024 Commercial Market Report is out! 📈 From Q2 2023 to Q2 2024, transactions in the office market have increased by 1%, while the sales value has surged by a notable 17%. 🏢 There is a massive demand for Grade A office buildings, especially those with LEED (Leadership in Energy and Environmental Design) certifications. 💰 The average selling price for secondary office spaces in Dubai has not only recovered from the pandemic downturn but has reached an all-time high of AED 1,364 per sq ft as of Q2 2024. 🛍️ The retail segment in Dubai has seen remarkable growth recently, marked by a 53% increase in transaction volume and a 74% rise in sales value year-on-year (YoY). 🏭 High occupancy rates of over 98% in most Light Industrial Units (LIUs) in Dubai and growing waitlists highlight the strong demand for industrial space. 📊 CRC Office leads increased by 21%, indicating a growing interest in office spaces. #CommercialPropertyMarket #DubaiRealEstate

Not Only Housing The housing market of UAE is stabilizing, and investor interest is also shifting to other sectors of real estate development. One of the most interesting segments appears to be offices. Dubai introduced 20,000 m² in this sector last year, with another 18,000 m² in the pipeline for the next six months. Abu Dhabi is also picking up pace (especially considering the expansion of ADGM). There is a shortage of offices on the market, especially in Class A. Today, it's a seller's market, reports PropertyNews. Additionally, they highlight five top office locations today (according to Betterhomes): / Business Bay: 43% of deals in the second half of 2024. True champion. / Jumeirah Lakes Towers (JLT): 32% of deals — the main driver being the DMCC free zone. / Dubai Silicon Oasis (DSO): 5% of deals, focusing on tech businesses and startups. Growth potential in the future. / Arjan: an unexpected participant on the list with 4% of deals. Arjan, in my belief, is definitely undervalued. / Jumeirah Village Circle (JVC): 4% with JVC, primarily small and medium business spaces due to low rates. Pictured is a new tower by Aldar with 88,000 m² of office space on Sheikh Zayed Road (near DIFC).