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Dubai Outranks New York, London and Paris in Quality of Life Report

Jun 6, 2018

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Dubai is leading the way in the trend of introducing flexible office spaces in the Middle East and North Africa, according to real estate consultancy JLL. It said this sector is set to continue to increase rapidly over coming years and currently accounts for less than 1 percent of total office stock, a figure that could increase to around 5 percent by 2022. A new report by JLL notes that the amount of flexible space - an alternative to traditional office solutions - in the 20 largest office markets grew by 30 percent in 2017 alone. With flexible space operators now targeting large established corporates, in addition to their traditional focus on freelancers and start-ups, this concept has the potential to disrupt the office market as we currently know it, it said. Dubai stands out in the MENA region, with 55 projects offering around 70,000 sq m of flexible office space. However, this sector is still relatively small, accounting for less than 1 percent of the total office space in Dubai, compared to over 3 percent in key office markets across Europe. Craig Plumb, head of research, JLL MENA said: “Investors and developers are increasingly adapting to the rise of flexible space in Dubai, by introducing their own concepts or partnering with existing providers. "We expect to see a rapid increase in the introduction of flexible space over the coming years, with this trend resonating well with developers and investors keen to exploit new opportunities as the real estate sector adapts to rapid innovation and change."

Dubai Sees Rise in Flexible Office Spaces

May 25, 2018

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Address Residences Jumeirah Resort + Spa phase 1 sold out

May 14, 2018

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5 Things You Should Know Before BuyingRenting a Commercial Space in Dubai

5 Things You Should Know Before Buying/Renting a Commercial Space in Dubai

Apr 26, 2018

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Why is The Greens Popular?

Apr 12, 2018

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UAE Ranks in Top 20 Happiest Countries of 2018

Mar 19, 2018

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Let’s Talk Property Management

Mar 13, 2018

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Dubai plans to build the Middle East and North Africa’s largest marina as a part of its latest megaproject

Jan 7, 2018

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Construction Updates: The Address Residences Jumeirah Resort + Spa

Dec 13, 2017

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10 reasons why you must invest in Dubai property

Nov 27, 2017

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Emaar named ‘most recommended’ brand in the UAE

Nov 26, 2017

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Hamptons International present at the Dubai Property Show in Mumbai, India

Nov 2, 2017

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