Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Dubai's commercial real estate market continues to attract investors

Dubai, UAE, 11 March 2015: The Links Group, foremost company formation specialist in the UAE and Qatar, hosted a ‘Club Fit For Business’ session at the Shangri-La Hotel in Dubai last week, where more than 50 professionals gathered to hear about the state of Dubai's commercial real estate market.

The session was presented by Nicholas Maclean, Managing Director of CBRE Middle East, who said that Dubai's commercial real estate market is one of the most important globally, having enjoyed sustained year-on-year growth for the last six years.

The office market in Dubai has almost doubled its size since 2008, reaching more than eight million square metres in 2014; bigger than the city of London’s office market which is less than seven million square metres. CBRE says Dubai’s current average rental prices offer great value compared to 2008 prices and many international office markets.

According to The Links Group, the increase in prime office supply at more competitive rental prices is helping to attract more inward investment to Dubai with more foreign companies interested in establishing a physical presence in the emirate.

With Dubai planning to reach AED300 billion in tourism and 20 million tourists under its Vision 2020 strategy, investment in the hospitality and retail sectors are now top priorities for the government. According to CBRE, Dubai’s hospitality sector is expected to rise 42 percent by 2017, reaching 91,000 rooms while its retail sector is expected to increase 24 percent by 2017, reaching 2.85 million square metres.

“With strengths in tourism, logistics and transport, Dubai’s commercial real estate market is one of the most lucrative markets for foreign investment. This positive sentiment is reflected in the growth and momentum that we are seeing for The Links Group clients, and the ongoing confidence in this region demonstrates the professionalism and maturity of the UAE business community. Removing more barriers, such as foreign ownership restrictions, will make Dubai an even more attractive trade and investment destination,” said Simon Hobart, Group General Manager of The Links Group. “We are delighted to be working with Club Fit For Business and we look forward to partnering on other events to keep investors up to date on the latest developments in Dubai’s key sectors.”

Liam Mooney, Managing Director of Blue Pencil and founder of Club Fit For Business said: “Dubai’s commercial real estate market plays a significant role in Dubai’s GDP and presents attractive opportunities for local and international investors. We would like to thank CBRE and The Links Group for their support of Club Fit For Business.”

Posted by : GoDubai PR Dept, -
Viewed 13652 times
PR Category : Real Estate & Retail
Posted on : Wednesday, March 11, 2015  5:39:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to

Related Stories


 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [7626-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [4182-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [3559-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2911-Views]
Introducing the Marks & Spencer Summer Edit [2907-Views]
Ralph Lauren: How to master the art of tie-dye. #RLatHome [2878-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across... [2759-Views]
Emirates Sets Industry-leading Safety Standard for Customers Travelling as It Resumes Oper... [2702-Views]
OMEGA Adds Full Gold Models to The Speedmaster 38 mm Collection [2550-Views]
Dubai Customs and Omani Counterpart Discuss Post-Covid19 Era [2522-Views]
UAE Develops a Rapid Coronavirus Laser Testing Technology [2485-Views]
The Heart of Europe Takes Shape as the Ultimate Sustainable Island Tourism Destination in ... [2321-Views]
VFS Global Joins Nation's Biggest Community Campaign; Donates to the 10 Million Meals Init... [2194-Views]
Mubadala Supports the Fight Against COVID-19 by Leveraging Its Assets' World-Class Capabil... [2087-Views]
Union Coop Al Barsha – 3 Commercial Center 40% Complete [2075-Views]
Trina Solar Publishes Its Vertex Module Technology White Paper, Unveiling a Brand New Tech... [2066-Views]
Aster DM Healthcare Launches ‘Our New Earth' Microsite to Coach People to Transition to th... [2050-Views]
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair [1997-Views]
INFINITI of Arabian Automobiles Launches Exclusive Eid Rewards Campaign [1956-Views]
Samsung Brings Unparalleled Offers to Tech Enthusiasts This Eid [1952-Views]
Renault of Arabian Automobiles brings you Trade-In Super Sale for Eid [1939-Views]
IATA COVID-19 Middle East and Africa Update Today at 12 PM [1894-Views]
Special Edition Jaguar XE, XF & Range Rover Vogue Vehicles Arrive in UAE [1763-Views]
The Best Omega Sunglasses For a Long-Awaited Summer [1759-Views]
SALAMA Announces AED 13.65 Million Profit for Q1 2020 [1755-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories