The Dubai rental market continues its boost as the average rent witnesses a jump of 27 per cent this year, with the demand also getting a major boost in line with strong economic activity
Dubai’s net effective cost to occupiers of prime office space stood at $108.7 in Q3, up three per cent quarter-on-quarter, according to Savills latest Prime Office C.
Fit-out costs in key global office markets have continued to climb with inflation, rising an average 10%. In Dubai, the net effective cost to occupiers of prime office space rose 3% in Q3 at $108.7 per sq ft annum, said an property industry expert.
Savills, the leading global real estate advisor, recently released its Global Living 2021 Report, Part II. The study focuses on the impact of global migration, mobility trends in the context of the pandemic and ESG, with a spotlight on embodied carbon. Despite the disruption caused by COVID-19, the report predicts that global population movement will reach.