Dubai's Commercial Real Estate Market Thrives, Poised for a Bright Future
The UAE’s commercial real estate market is still doing well, and things are looking up, according to a survey released on Wednesday. Topline indicators demonstrated the ongoing strength of the UAE commercial real estate market, according to the Royal Institution of Chartered Surveyors (RICS) Q3 2023 Global Commercial Property Monitor.
The office sub-sector saw the largest increase of 60% in occupier demand overall, followed by retail and industrial, which climbed by 53% and 48%, respectively. Overall, occupier demand is still extremely positive. According to the research, occupier and investor activity is still showing strong growth momentum throughout the United Arab Emirates, with an increase observed in all mainstream industries in Q3.