JLL: Grade A office vacancy rate in Dubai of 21.0%, with supply pipeline of 14.0% at end of 2Q15

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In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in Dubai was 21.0%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 14.0%. Over the last year, rents have risen by 2.3% and capital values have also increased by 2.3%. Prime yields in 2Q15 were 7.5%.

Source : August 2015/JLL/Dubai/OFF