UAE Commercial Property Sector Records Highest Occupier Demand in a Decade

This is explained by the country’s economic growth, founded on surging oil prices and strong growth within the non-oil sector.

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This was driven upwards by the office segment, followed by the retail and the industrial sectors.

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The surge in demand is further compounded by a shortage in supply, as most developers bend towards residential projects.

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Only in the office segment, Abu Dhabi and Dubai have recorded significant growth in rental contracts, which indicates a growing preference for commercial spaces in tandem with economic expansion.

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The strategic advantages enjoyed by Dubai, such as its global business and travel hub status, business-friendly environment, strong infrastructure, and tax policies.

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Looking ahead, demand for commercial property will remain buoyant, driven by demographic growth and the ongoing drive for economic diversification.

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