Surging Demand Keeps UAE's Occupier Market Strong
The occupier
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The occupier market in Dubai and Abu Dhabi recorded strong levels of activity in the first quarter, propelled by demand due to increase in new rental regis..
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Prime Grade A big box rents in industrial and logistics spaces are expected to reach in excess of £7.50/ft2 this year due to sustained demand for space, [...]
Residential tenants[2] At close of business on 10 February 2021 95% of contracted rent for the month had been received and the occupancy rate of our residential units was 93%. At the same point in December 2020 and January 2021, respectively, 97% and 95% of that month's contracted rent had been received and the occupancy rate was 92% and 91%. We have now received over 99% of December and January rent. Asset management The vacancy rate in our in-place office portfolio is 7%[3] (Dec-20 ERV[4]: €3.1m), with the available space primarily in Central Quay and the Forum. Including our...