Dubai Office Rents Average $66/sq ft Amidst Major Supply Surge
Key facts
- Average office rent: $66 per sq ft
- New supply expected: 20.4 million sq ft
Dubai's office market is experiencing significant changes, with average rents currently at $66 per square foot. However, the market is set to see a substantial increase in available space, with 20.4 million square feet of new office developments anticipated. This influx of new supply could influence rental prices and vacancy rates across the city, offering more options for businesses and potentially creating competitive pricing for tenants.