Dubai has one of the world’s highest office rent prices. That was discovered by the latest “Office Space Around the World” report published by Cushman & Wakefield. According to it, office rents in Dubai are equal to those in Brussels and Copenhagen altogether.
The office sector in Dubai remains highly competitive despite a high levels of supply. It reached nearly 60m sq ft, with an additional 10m anticipated by the end of the 2012, according to Cluttons’ Q1 real estate market report.
Newly-released figures from Knight Frank show that London is no longer the location with the highest prime office rents in the world. Hong Kong replaced the English capital at the top of the ranking as a result of rapid rental growth in the first half of 2011. While there was evidence that rents had peaked […]