Almal Real Estate Development is expanding into commercial market in UAE, eyes Bali and Thailand projects
office spaces
Latest in office spaces
DIFC
Dubai International Financial Centre breaks ground on $300m Immersive Tower
Dubai International Financial Centre breaks ground on new 115,000sq m skyscraper
Bahrain real estate
Saudi Arabia commands over 60% of $1.68 trillion Gulf real estate projects pipeline: Report
Qatar and Kuwait are lagging behind as the UAE and Saudi Arabia corner the Gulf region’s share of mega real estate projects in the pipeline, according to a new CBRE report
Bahrain real estate
Planned Gulf real estate project value rises to $1.7tn; analysts identify trends and opportunities for investors in 2024
Middle East real estate is expected to grow further in 2024 says CBRE
commercial real estate
Office rent in top 7 Indian cities grew 7%: Report
The South Indian city of Chennai experienced the highest yearly jump in office rental values at 10 percent, followed by Hyderabad at 8 percent
commercial real estate
Saudi office rents increase in 2023 ahead of quality supply boost
Saudi Arabia’s office market sees marked increase in rents before glut of new space hits market
Employee
Survey finds 80% of employers rethink calling employees back to office
An Envoy study comes at a time when global companies are still grappling with the issue of whether or not to put an end to working from home
commercial real estate
Saudi Arabia office space demand soars as supply crisis sparks race for premium HQs
Demand for office space in Saudi Arabia has continued to rise amid rules demanding regional HQs be located in the kingdom
DIFC
Dubai’s ICD Brookfield Place 95% leased
ICD Brookfield Place in Dubai has tenants including Bank of America Merrill Lynch, BNP Paribas, Clifford Chance, JP Morgan and Reliance
Abu Dhabi
Abu Dhabi real estate: Office market surges on high employment growth in 2022
Abu Dhabi office rents in key submarkets growing as new jobs are created
employment trends
How social do we need our office spaces to be?
Ninety seven percent of people questioned by Management Today saw their workplace as a symbol of whether or not they are valued by their employer
commercial real estate
Saudi office rental market to soar as more global companies set up regional HQs by 2024
Rates for both Grade A and Grade B office spaces were up, according to a report by KPMG, and the market is still expected to pick up as the trend continues
Dubai
Office rents in Dubai surge higher than London and New York, indicating market recovery
The rise comes as global banks and businesses look to the emirate to expand into the emerging global financial hub
Bahrain
Bahrain sees uptick in office space demand with 5.5 percent jump in Jan-March this year
Foreign investments into Bahrain have been seeing a surge of late, with the country receiving $1.77 billion overseas investments in 2021, a jump of 73 percent from that in 2020
commercial real estate
Dubai’s commercial rental values up by 10 percent amid rush for top-end office spaces: Report
The bulk of the leasing activity during the first six months of this year was observed across sub-markets such as DIFC, DWTC, DMCC, Dubai Media City and Dubai Internet City
business activities
Dubai commercial real estate sales value jumps 89 percent in first half of 2022: Report
The huge increase in demand comes as Dubai’s property market experiences a post-pandemic surge driven by government-led reforms and initiatives
Abu Dhabi
Expo 2020 boosted hotel revenues riding high on leisure demand for beachfronts in Q1 2022
In the residential sector, improving tenant demand broadly underpinned the annual increase in rents in February, of 11 percent in Dubai and 3 percent in Abu Dhabi, according to a JLL report