Market research reveals signs of office rentals in Dubai slowing down as a result of reduced demand compared to the steady supply growth. Based on JLL research, 2017 is anticipated to see 237k square meters of Gross Leasable Area (GLA) being added to the market on top of the existing inventory of 8.7 million square meters.
According to CBRE, stable demand is still visible from larger corporations seeking high quality offices in prime freezone locations while lower quality office buildings located within leasehold areas are experiencing a drop in rental performance.
So why is Dubai Sports City an ideal location for startups, SMEs and large companies? The first reason is that its freezone location allows 100% foreign ownership and benefits from being tax-free, aside from import duties.
Secondly, the improved infrastructure for both public transportation (bus) and cars – reduces the hassle with regard to parking. In addition, the submarket is now undergoing various developments which imply that it may be an emerging zone for business activities.
At the moment, the only office space in this location is located within The Bridge tower – SOLO Serviced Business Center managed by the reputable Regus. The office is recently renovated, has a total inventory of 72 offices and provides the option to lease virtual offices. Contact information is displayed on the right hand side of the article.
SOLO Business Center
Telephone: +971 (0) 4 818 9000
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