Jones Lang LaSalle IP Inc. noted in its Dubai Real Estate Market Overview for 1Q15 that office rents have remained stable, even as the vacancy rate has risen to 23%. Demand for Grade A office space has been strong, especially in and around the Dubai International Financial Centre. GLA is expected to increase by 900,000 square metres in the rest of 2015 and by a further 532,000 square metres through 2016 and 2017. JLL expects that the rise in supply will keep rents under downwards pressure.

Source : 31 March 2015/JLL/Dubai/OFF