JLL: Prime office market conditions to favour tenants in Dubai through 2016


In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Dubai have risen by 2.3% over the last year. The prime yield is 7.5%. Over the last year, rents have risen by 2.3%. The vacancy rate is currently 21.0%. Taking into account completions of new projects prior to the end of 2016, the supply pipeline is 14.0% of current stock. JLL considers that conditions will likely favour tenants in 2016.

Source : November 2015/JLL/Dubai/OFF