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Dubai's Commercial Real Estate Soars: Continued Growth in High-End Office Space Demand
三月 21, 2024
Dubai's Commercial Real Estate Soars: Continued Growth in High-End Office Space Demand 迪拜
By   Internet
  • 城市報
  • Dubai real estate
  • commercial property
  • Dubai property market
Abstract: Dubai's commercial real estate industry is undergoing a surge, with white-collar professionals returning to the office in droves. Behind this trend lies a strong demand for high-end office spaces, as companies seek to attract employees and showcase their unique value through distinctive work environments.

Playing a pivotal role in this trend is the UAE Real Estate Investment Trust (CEIC), the world's largest Sharia-compliant real estate investment trust, managed by Equitativa (Dubai) Limited. The commercial space demand at Index Tower, located within Dubai International Financial Centre and designed by Foster & Partners, remains robust, with the 80-story skyscraper witnessing a continual rise in occupancy, reaching 82% as of the third quarter of 2023, accompanied by significant rental increases.


Thierry Delvaux, CEO of Equitativa (Dubai) Limited, highlights the rapid growth in demand for high-end commercial leasing in the market. Companies are more willing to provide high-quality office environments to their employees to extract greater value. He notes that commercial tenants at Index Tower value its iconic, easily accessible tower and particularly prioritize employee convenience.


Dubai's Commercial Real Estate Soars: Continued Growth in High-End Office Space Demand

khaleejtimes


Delvaux further notes that as white-collar professionals return to the office, employers are increasingly focused on providing convenient services to attract employees to stay in the office, fostering better collaboration and team building. He emphasizes that employees value spaces that contribute to health and inspire them, and these intangible factors will bring returns to employers.


As an international hub, Dubai attracts numerous multinational corporations and high-end talent. Consequently, the demand for high-end commercial real estate remains robust. The prime location of Index Tower, coupled with convenient transportation and surrounding amenities, makes it a sought-after choice for businesses.


Moreover, Dubai's commercial environment is actively evolving. Companies are increasingly aware of the importance of employees' working environments for productivity and satisfaction. Investing in high-end office spaces not only enhances corporate image but also attracts and retains top talent, thereby generating long-term economic returns.

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Dubai's Commercial Real Estate Soars: Continued Growth in High-End Office Space Demand
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