Dubai's office market turns attractive for tech firms, says expert
DUBAI, April 29, 2021
Dubai's office market has emerged as the location of choice, especially for tech companies, keen to expand in the Middle East region, mainly due to the rental values which have continued their downward trends across secondary office buildings and submarkets in the city, according to Savills, the leading global real estate advisors.
According to Savills, a growth in the number of hybrid working models and an increase in the number of start-ups is likely to act as a further catalyst for the sector going forward.
Dubai is now being considered as a viable alternative to many European cities due to its handling of the pandemic, balancing an effective inoculation drive, whilst keeping the Dubai economy open for business, stated Savills in its latest ‘Market in Minutes’ research.