JLL: Dubai CRE investment volumes up 24% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Dubai rose by 24% in 2015. Capital values for prime offices rose by 15.4%. Rental yields for prime offices were 7.5%. Rents for prime office space rose by 15.4%. At the end of the year, the office vacancy rate was 19.1% and the supply pipeline for 2016-17 equated to 8.3% of existing stock.
Source : JLL/ January 2016/Dubai/OFF