Interest in leasing Dubai office space increases

09/03/2011 - Dubai Investment News Posted by Neil King
Interest in leasing Dubai office space increases

Enquiries for leasing office space in Dubai were up 20 per cent in the first two months of 2011, it has been confirmed.

UAE-based property management company Asteco observed that the trend is caused by multinational companies looking to shifting their Mena headquarters to the emirate due to unrest in Egypt and Tunisia.

According to Elaine Jones, chief executive at Asteco Property Management, the UAE's political stability, well-established financial credentials and strategic location has always attracted inward investment.

Indeed, she remarked that it currently could well be viewed by many as a safer haven.

"Many organisations wishing to mitigate risk are likely to seek more stable business locations such as Abu Dhabi and Dubai," Jones said.

"One benefit of this is that it at least maintains a regional foothold and or alternative business location if only temporarily."

Dubai has emerged as a global city and a business hub in recent years.ADNFCR-2019-ID-800452672-ADNFCR