Dubai rental prices have seen a huge drop over the past year, however office prices in Dubai continue to be some of the highest in the world.
There are still many Dubai offices for rent as supply continues to outstretch demand in the commercial real estate arena. Business Bay is a huge development focussing predominantely on offices for rent and as more buildings come onto the market in 2010, there will be more and more offices left empty.
Despite this oversupply in the market and the sharp fall in office rents in Dubai it is still surprising to read that office space in Dubai is still sone of the most expensive in the world with the Dubai International Finance Centre (DIFC) being the most expensive.
At least the drop in office rents is now allowing more start-up and SME businesses to take office space in some of the more prestigious addresses in Dubai whereas previously they would have been forced to take up office space in less desirable locations.
Posted 1 year, 12 months ago at 4:01 pm. Add a comment
It has been announced this week that the Armani Burj Khalifa is taking bookings for it’s opening in March 2010. This will be the first Armani hotel to open in the world and Dubai residents and tourists are eagerly awaiting the opening of this building.
The world’s tallest tower – the Burj Khalifa (previously the Burj Dubai) – stands at 828 metres tall. The observation deck on top of the Burj Khalifa is already open for business and bookings can be made to go up the tallest observation deck in the world! The ticket desk and main entrance is via the Dubai Mall lower ground floor near the food court!
A long-awaited piece of good news for Dubai! Let’s hope the trend continues.
Posted 1 year, 12 months ago at 7:28 pm. Add a comment
There is good news for business owners currently operating out of the Dubai International Finance Centre (DIFC), as it was announced recently that the DIFC freezone is planning substantial cuts in its fees for 2010 in a bid to attract more business to the financial hub of Dubai.
“We want a substantial share of the mutual funds industry, especially those investing in the Middle East and North Africa,” DIFC chief economist Nasser Saidi told reporters at a conference in Dubai.
DIFC is home to the Nasdaq Dubai as well as many regional offices of banks including Goldman Sachs, Citigroup and HSBC Holdings. The DIFC – a 110-acre business park – was launched in Dubai in 2004 to help diversify the Dubai economy and attract more financial firms to the region.
According to a DFSA spokesman the DIFC currently has nine fund operators and 18 fund administrators.
DIFC office rent is still some of the most expensive in the world, however the move to lower fees and administrative costs associated with operating out of the business park will help attract more businesses to the area.
Posted 2 years ago at 1:41 am. Add a comment
A whole new batch of Dubai offices for rent have come online in recent months, most prominently in the Business Bay, Jumeirah Lakes Towers and DIFC areas of Dubai.
A boutique developer in Dubai, HH Investment and Development have recently handed over the amazing O2 building in Business Bay. The building is designed an built like a futuristic pod with a white exterior and large circular holes across the building. It is one of the most eye-catching buildings in Business Bay and offers luxury offices for rent in Dubai at fantastic prices.
Check out HH’s Dubai rental properties here.
Posted 2 years ago at 7:27 pm. 1 comment
Mezze Mia is the latest opening in the Al Shalal beach club between buildings 7 and 8 on the Palm Jumeirah Shoreline apartments.
It is a deli, cafe and convenience store located next door to Gusto restaurant at the beachfront Palm Shoreline apartments.
Open from 7am to 11pm daily Mezze Mia offers fresh croissants, coffee, sandwiches, fresh salads, specialty teas and quick snacks.
Call 04 432 8582 for further information.
Posted 2 years ago at 7:29 pm. Add a comment
The Palm Jumeirah Marina Residences are currently in the process of being handed over and the first tenants are starting to move into this brand new development situated at the top-end of the Palm Jumeirah trunk.
This development of sea-facing luxury buildings is the latest project to be handed over on the Palm Jumeirah and they are proving to be the hottest place for Dubai rent at the moment. The apartments are very large and superbly laid out with top-end finishings, as you would expect from a luxury Palm Jumeirah development.
With views of the tranquil sea water around the Palm, the Atlantis hotel and the Marina skyline, the Palm Jumeirah Marina Residences are some of the best located apartments for rent in Dubai.
Posted 2 years ago at 12:12 pm. Add a comment
