Monday 04, September 2017 by Jessica Combes

Q2 2017 Dubai Commercial Market Review

 

Knight Frank Dubai has released their Q2 2017 Dubai Commercial Market Review, which provides insights on current and future market trends alongside commentary on the development of Dubai’s key economic indicators.

 

Key findings in the report include: average office rents across Dubai fell 4.5 per cent in the year to Q2 2017, with the performance of prime and secondary markets continuing to diverge; Dubai’s GDP growth is expected to strengthen in 2018, bottoming out in 2017 at 2.2 per cent Y-o-Y and strengthening to 2.5 per cent Y-o-Y in 2018; the US dollar has depreciated rapidly by six per cent in the first seven months of 2017, though this is likely to provide further support for economic growth; and employment is forecast to grow in Dubai by 1.6 per cent in both 2017 and 2018.

 

  

 

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