REAL ESTATE MARKET OF UAE .PART 2/ IMPORTANT INFORMATION
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Abu Dhabi’s office market will start to see increased levels of activity, which, alongside constrained levels of new supply, will underpin further rental growth. However, we do envisage that this rate of growth will slow.
In Dubai’s office market, with a limited amount of new quality supply scheduled to be delivered over the course of next year, we expect that rental rates will continue to increase in all segments of the market, albeit at slower rates than we have seen in 2022. Whilst occupier demand is likely to remain unwavering, the lack of supply may hamper market activity over the course of the year.
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