| Dubai Real Estate Industry
/Dubai Commercial Market
Outlook - 2010 |
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| Dubai Commercial Market Outlook - 2010: |
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| Contributory Elements |
- The commercial market is facing a
shortage with relatively limited supply planned
for the near future.
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- As businesses grow in size and numbers in Dubai, the
requirement for office space will be
greater and more urgent.
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- With Dubai’s impressive economic performance between
2000 and 2005, it is now very obvious that commercial
space will be a premium.
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- Dubai’s office market is currently
offering one of the highest returns in the world,
while prices are considered below international average.
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- Current occupancy is around 99% and
is expected to stay there for at least the next two years.
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- With current demand increasing significantly, office
rents are expected to also increase by 30-40%
over the coming two years.
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- In the unlikely case that demand does not keep up with
supply over the coming five years, occupancy rates will
not go under 75%, which is higher than market
averages around the world.
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