Dubai's commercial real estate market is experiencing a surge, with a particular uptick in demand for luxury office spaces as companies aim to stand out and entice employees back to the workplace with appealing environments.
Emirates REIT (CEIC) PLC, the world's largest Shariah-compliant Real Estate Investment Trust, managed by Equitativa (Dubai) Limited, is witnessing this trend firsthand. In Dubai International Financial Center, their flagship Index Tower, designed by Foster & Partners, is in high demand. Occupancy rates reached 82% in Q3 2023, accompanied by notable rent increases.
Thierry Delvaux, CEO of Equitativa (Dubai) Limited, notes a shift in market dynamics, with businesses now prioritizing high-quality office spaces over cost efficiency. Accessibility and employee well-being are key considerations. Delvaux highlights the importance of offices being easily reachable by various modes of transport and conducive to employee motivation and collaboration.
As Dubai's white-collar workforce returns to offices, the emphasis on convenient and inspiring workspaces underscores the value businesses place on employee satisfaction and productivity
#breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #dubainews #dubailocalnews #DubaiRealEstate #CommercialProperty #LuxuryOffices #EmiratesREIT #IndexTower #OfficeSpace #EmployeeWellbeing
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