According to latest real estate market report, sales and leasing prices in Dubai’s office market were unchanged in the fourth quarter but activity remained low for sales as companies opted to lease rather than buy.
Sales and leasing prices for offices are seen easing next year as an extra 773,000 square metres of office space are expected to be added in the first six months to the current supply of 8.5 million square metres.
Demand for office space is unlikely to improve for sales unless Dubai’s government offers more incentives. However, leasing enquires are seen picking up slowly as regional troubles prompt more companies to set up office in the emirate.
