SOLO Business Center witnesses double-digit increase in occupancy level

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26/02/2015 - Our Portfolio Updates

The month of February began on a very positive note. TFG Asset Management specializes in Hotel Asset Management and Residential & Commercial Asset Management and is thrilled to report a double-digit growth of 17% in the occupancy level. The total occupancy at SOLO Business Centre in Dubai registers at 90%. The solid demand momentum sets the stage for significant increase in occupancy rates, top-line revenues and bottom-line returns. SOLO Business Centre expects an upsurge in demand and anticipates to reach the maximum occupancy.

As 2015 begins, we estimate the rental growth accelerating for the office market. According to Jones Lang LaSalle (JLL) consulting group, Dubai office market is witnessing much higher pre-leasing demand. Occupiers demonstrate interest in committing to quality space for long-term use. As a result, the year will observe additional 1.2 million square meter of office supplies that are provided by business centers in Dubai.

About The First Group Asset Management:

TFG Asset Management is dedicated to dealing with every aspect of a completed development, to ensure investors enjoy maximum returns on their property. Once a project is complete, the Asset Management team takes over from Client Services to manage the entire rental process, including operations, marketing, tenant liaison, leasing, contracts and finances, whilst also working in partnership with The First Group’s partner hotel management brands. For more on TFG Asset Management, click here to visit our website .