Developers are active in developing in on the Greenfield sites for their upcoming commercial development.Tenants who are careful about cost and are in search of office spaces in Dubai should four on the projects in Barsha / Te-com zones.
These regions are developing areas from leasing point of view and still is in affordable price. According to the counter manager of a popular real estate potential tenants should sign up for spaces now than to postpone or wait because the leasing rates have increased by 25 to 30percent year on year.
He also added that Majority of the commercial plot purchases are from “hotels” category. The hospitality sector will corner a bunch of the land bank as there is a push because of the upcoming Dubai Expo and the reason that Dubai pertains to endorse itself as one of the most capable and potential tourism nucleus in the world.
Another chief from a popular Dubai real estate stated that developers interested on constructing a new office space is going to facilitate in sealing the gap in the existing availability of commercial space. This will also aid in stabilizing the rentals on supply that is almost ready to be added to the market