UAE office market is 'attractive and affordable'

28/03/2011 - Dubai Investment News Posted by Bob Brunskill
UAE office market is 'attractive and affordable'

The UAE is becoming an increasingly affordable and attractive destination for company offices, new analysis has claimed.

Instability in other Middle Eastern nations is contributing to a growing stability within the emirates, while the quality of completed buildings is helping to turn it into a serious option for businesses.

This is according to the latest Global Office Market View from CB Richard Ellis (CBRE), which noted that rental rates in the region have also become much more attractive.

The consultancy explained that tenants are now able to secure long-term office accommodation for "a fraction of rents once demanded".

"Elongated terms of between five and ten years are now becoming more prevalent as both landlords and tenants seek to reduce their risk exposure," Mat Green, head of research and consultancy for CBRE, said.

It follows the release of Hydrogen's Global Professionals on the Move Report 2011 which suggested that the UAE is one of the ten best countries in the world to live and work.ADNFCR-2019-ID-800478265-ADNFCR

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