Demand for office property in Dubai and development of infrastructure in Al Barsha 1 and 2

Demand for office property in Dubai and development of infrastructure in Al Barsha 1 and 2

  • AX News
  • Growth in demand for office property in Dubai, the UAE tourism sector's revenues in Q1 2022 and development of infrastructure in Al Barsha 1 and 2

Demand for office property in Dubai is growing, thanks to the tenants from UK and other European countries

According to commercial real estate experts, in Q1 2022, out of all requests: 53% – new office rental registrations 47% – office lease renewals 44,593m² of total office space was delivered in Q1 2022 bringing the total Dubai office space to 9 million m².

In Q1 2022, the UAE tourism sector's revenues surpassed the pre-pandemic levels

$2.9 billion This is 20% more than in Q1 2019.

Dubai's Roads and Transport Authority will construct new cycling tracks and bike racks

Al Barsha 1 and 2 Work completion period: Q3 2022 – Q3 2023 Сycling tracks will be built in 29 city districts by the end of 2026. This is part of initiatives introduced to support the implementation of the Dubai 2040 Urban Master Plan. Sources: Arabian Business, The National News

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