According to the latest report by Core Savills, rents in the Dubai market have finally bottomed out after a sharp annual drop of over 20 per cent. The months of September and October witnessed a revival in interest from SMEs and commodity tenants, with a bulk of activity concentrated in the 1,000-2,000 sq ft bracket. In comparison to the situation with Grade A offices in Abu Dhabi, the Dubai market veered from being stable to seeing sharp gains in the recent quarter.
Dubai´s mid-market realty gets into overdrive Based on the year-to-September transaction data in Dubai, mid-market properties accounted for over 70 pert cent of the deals, with the rest comprising upscale and super-premium properties. These are the best ever percentage levels recorded by the mid-market, as property sales in Dubai have always weighed heavily in favour of premium offerings.