Dubai Office Demand Rises 23% To 580,000 Sqft In H1 2023
The report showcases the strong performance of average office lease rates, with the DIFC remaining the city’s star performing location, driven by market leading Brookfield Place, where rents remain well above the wider DIFC average of around AED 260 per square foot, according to Knight Frank. Demand for best-in-class work environments against a severe shortage of prime Grade A space has been a key driver behind the continued outperformance of the DIFC. The 1 million square foot Brookfield Place is the among the world’s 20 largest LEED Platinum rated buildings and was also the first building in...