- News
- Dubai office space demand has risen by 23% in H1 2023
Dubai office space demand has risen by 23% in H1 2023 compared to H1 2022
– According to the consultancy group, Knight Frank.
The supply of office space to be completed by 2026 is only 278,700m², while Dubai's office market requires 54,000m², and the demand has been continuously growing.
The biggest rise in office rents, compared to H1 2022:
- Business Bay – 69%
- Trade Centre District and Dubai Marina – 54%
Abu Dhabi developer, RAK Properties, has announced its net profit in Q2 2023 is $11.84 million
In Q2 2022 the developer has registered a loss of $1.3 million.
The leading Sharjah developer, Arada, has awarded a $108 million contract to the general contractor, GAC, to build a residential district, Nasaq
– Aljada
It will feature six buildings with 1, 2 and 3-bedroom apartments. For residents:
- Pool
- Gym
- Shops and Restaurants
- Park
Earlier GAC has won a $129 million contract to build the Vida Aljada hotel
More about real estate
Discover the insider knowledge of Dubai real estate from our agents: expert analysis and in-depth information on the city and its property market.
Listen to podcasts from our real estate agents and stay up to date on the Dubai property market: latest news, expert advice, and more.
all podcasts
Stay up to date on the latest trends and developments in the Dubai real estate market with our informative articles. With insights and advice from industry experts, our blog is a valuable resource for anyone interested in the Dubai property market.
All articles