Dubai is expected to consolidate its position as the top city for corporate occupiers in the Middle East and North Africa (Mena) region over the next three years, according to JLL.
“Dubai’s diverse economy and strong private sector has minimised the influence of oil price fluctuations, allowing it to achieve stronger economic growth in 2014-2015. Dubai is expected to consolidate its position as the top city for corporate occupiers in the Mena region over the next three years,” the real estate investment and advisory firm said in its first Occupier Sentiment Survey in the Mena region.
It also stated that the UAE’s macro-environment remains strong and conducive to corporate growth and investment, offering ease of doing business, a transparent real estate market, and global connectivity.
“There is still growth in demand in Saudi and Egypt from companies servicing these local markets, however, Dubai remains preferred location for regional operations,” the consultancy said to Emirates 24/7.
In a statement, Dana Williamson, Head of Agency at JLL Mena, said: “The results of our survey reflect that Dubai has solidified its place as the preferred business and financial centre in the Mena region.
“Buildings that offer high quality amenities and facilities, good accessibility and public transportation options, and strong property management are becoming increasingly more popular.”
High quality amenities, sufficient parking, good accessibility and international standards of property management are increasingly significant factors that influence occupancy and rental levels, as office densities increase and flexible working becomes more common.