{"id":54095,"date":"2017-05-09T00:41:23","date_gmt":"2017-05-08T17:41:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=54095"},"modified":"2017-05-08T23:00:47","modified_gmt":"2017-05-08T16:00:47","slug":"top-quality-dubai-office-rents-to-rise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-quality-dubai-office-rents-to-rise\/","title":{"rendered":"Top-quality Dubai office rents to rise"},"content":{"rendered":"


\nRents for the best-quality offices in Dubai are set to tick up slightly this year as occupiers resume shelved office searches amid an improved economic outlook, according to Knight Frank.The broker said that after rising steadily to about Dh190 per square foot at the start of 2016, grade A office rents in Dubai dipped slightly last year as corporates put off leasing decisions amid oil price volatility and global economic uncertainties.
\nIt said landlords have also responded to difficult economic conditions by offering greater incentives such as more flexible leases, free office fit outs, longer rent free periods and the inclusion of utilities in service charges.But the company said that after oil prices staged a mini bounce at the end of 2016, occupiers are again starting to press ahead with expansion plans and leasing activity, pushing rents back to about the same levels they had been at the start of 2016.
\nHaving crashed from highs of about US$120 a barrel in 2014, oil prices sank to a low of less than $30 a barrel last year before staging a partial recovery at the start of this year to hover at about $55 during much of the first quarter of the year. “Our outlook for Dubai remains positive in 2017 as oil prices are expected to regain some of the losses previously recorded,” said Matthew Reason, a surveyor in Knight Frank’s Dubai office and the author of the report.
\nEarlier this year, Cluttons reported that top-band rents had fallen in 15 out of 23 Dubai submarkets monitored while they only increased in two, DIFC and Dubai Design District.Faisal Durrani, the head of research at Cluttons, said that activity in terms of the take-up of new office space started to weaken during the second half of 2016.”By no means would I go so far as to say that it had dried up but it was weaker than a year earlier,” he said. “I think that … nervousness around the health of the global economy is putting multinationals in a holding pattern. They’re holding off on expansion activities until things become a little bit clearer.”
\nlbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Top-quality Dubai office rents to rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rents for the best-quality offices in Dubai are set to tick up slightly this year...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-54095","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-e4v","jetpack-related-posts":[{"id":14964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-property-investors-urged-to-jump-aboard-abu-dhabi-market-sees-reshuffle\/","url_meta":{"origin":54095,"position":0},"title":"Dubai property investors urged to jump aboard, Abu Dhabi market sees reshuffle","date":"May 31, 2016","format":false,"excerpt":"\r The Dubai property market has experienced an \"encouraging change\" during the current quarter after the market had stabilised earlier in the year, according to brokers Chesterton's. \"Price dropping is slowing down and the appetite of investors and owner-occupiers alike is showing signs of a recovery,\" Ian Hollingdale, Chesterton's director\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jafza-rents-fall-as-demand-for-work-spaces-drops-off\/","url_meta":{"origin":54095,"position":1},"title":"Jafza rents fall as demand for work spaces drops off","date":"March 30, 2017","format":false,"excerpt":"\r Rents in Jebel Ali Free Zone district have fallen by a fifth over the past two years as Dubai's slowing economy is prompting mid-size firms to shelve requirements for warehouses and logistics space.According to the property broker Knight Frank, rents for the best warehouses in Jafza have fallen from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-see-dubai-house-prices-dropping-for-another-18-months\/","url_meta":{"origin":54095,"position":2},"title":"Experts see Dubai house prices dropping for another 18 months","date":"July 25, 2016","format":false,"excerpt":"\r Apartment prices in Dubai will continue to drop further in the next 12 to 18 months because of weak demand from institutional buyers and occupiers, the research firm Phidar Advisory said.Apartment prices in Dubai declined a further 3.7 per cent in the second quarter of this year, and villa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-forecast-that-dubai-house-prices-will-drop-for-another-18-months\/","url_meta":{"origin":54095,"position":3},"title":"Experts forecast that Dubai house prices will drop for another 18 months","date":"July 25, 2016","format":false,"excerpt":"\r Apartment prices in Dubai will continue to drop further in the next 12 to 18 months because of weak demand from institutional buyers and occupiers, the research firm Phidar Advisory said.Apartment prices in Dubai declined a further 3.7 per cent in the second quarter of this year, and villa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-fall-but-supply-keeps-retail-rents-steady\/","url_meta":{"origin":54095,"position":4},"title":"Abu Dhabi office rents fall but supply keeps retail rents steady","date":"July 25, 2016","format":false,"excerpt":"\r Office rents in Abu Dhabi are coming under pressure as low oil prices force companies to cut back.Rents for average top-class offices in Abu Dhabi fell 3 per cent in the second quarter of this year to Dh1,795 per square \u00admetre compared with the previous quarter, according to property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22392,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-holds-top-10-spot-in-worlds-most-expensive-cities-to-live-and-work\/","url_meta":{"origin":54095,"position":5},"title":"Dubai holds top 10 spot in world's most expensive cities to live and work","date":"August 9, 2016","format":false,"excerpt":"\r Dubai is still in the top 10 most expensive cities in the world to live and work, according to a new study. The Savills Live\/Work Index placed Dubai in eighth, despite a fall in property and office rents in the past year amid weakened oil prices, which has affected\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54095"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=54095"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=54095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=54095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=54095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}