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Showing posts with the label Office Space in Dubai

Coworking: Opportunities for Landlords

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There’s a growing trend in Dubai that is changing the way people work. Gone are the days when people are limited to the traditional  offices space in Dubai . With the Internet affecting almost every aspect of life, people now have a choice to work in coworking space. According to one estimate, there are around seven million people who will be working in a coworking space by the end of 2019. This number is seen to grow exponentially in the many years to come as millennials are poised to take over the workforce. In one recent report, coworking space is seen to occupy between 320,000 to 530,000 sq. ft. of space around the world. In Dubai, there are more than 50 coworking locations and this number is growing year after year. In fact, this figure represents a 130% increase since 2015. It is worth noting that Dubai has a fast growth rate in the coworking industry and now, it is estimated that the city has more than 650,000 sq. ft. of coworking space. Because of the shift in how...

BUYERS HIT DUBAI’S BEACHFRONT FOR A TOUCH OF LUXURY LIVING

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PROPERTY FOR SALE IN DUBAI, UAE Dubai: The action is heating up all across Dubai’s beachfront locations. Not just from those wanting to catch a bit of sun, but investors who feel the combination of a property by the water anywhere in Dubai is the right way to stay ahead of market circumstances. The latest numbers for freehold transactions in Dubai bear this out — a Bulgari home on Jumeira Bay fetched Dh60 million to be the priciest deal in the first three months. In fact, all of the Top 5 deals involved a property by the water, including a unit at the under-construction 1/JBR, which went for Dh12.97 million, according to data from the brokerage firm Luxhabitat. “We have seen continuously increasing interest in 1/JBR as our overall market share has increased significantly in the past six months,” said  Marwan Al Kindi , Executive Director of Sales and Sales Operations, Dubai Properties, the developer. “It is taking shape on one of the final plots in Jumeirah Beach Residenc...