In its 1Q16 review of real estate markets, JLL noted that the office vacancy rate is currently 20%, having been 25% in 1Q15. JLL observed that average Grade A rents have risen by 7% from AED1,730 per square metre per annum in 1Q15 to AED1,850 per square metre per year in 1Q16. Over the same period, Grade B rents have fallen by 5% from AED1,180 per square metre per year to AED1,120 per square metre per year. JLL expects that Grade A rents will track sideways through 2016/17.

Source : JLL/Mar 2016/Abu Dhabi/OFF