Dubai - Emerged as the location of choice!

Dubai - Emerged as the location of choice!
▪️  Dubai is considered as a viable alternative to many European cities due to its successful handling of the Covid-19 pandemic. 
Recent Emirates NBD Research shows:
1.  Commercial properties saw a decline in yearly rents in the first quarter of the financial year 2021, faced oversupply challenges prior to the pandemic.
2.  Largely as ongoing Covid-19 precautions mean many businesses are still urging some employees to work from home to limit the contagion risk.
3.  Office rents were down 17.8 % year-on-year & 2.6 % quarter-on-quarter. 

Emirates – A preferred destination for corporate occupiers
▪️  Most corporate occupiers are taking a longer-term view on their real estate requirements.
▪️  Occupiers are more proactive and now initiate discussions with landlords on lease renewals or restructuring. Frequently, lease expiry, based on their future real estate strategy.
▪️  Increasing the demand for co-working and serviced office space by the prolonged uncertainty around sustained global economic recovery, thus led companies to prioritise flexible leasing options.