Knight Frank Dubai releases their Q2 2017 Dubai Commercial Market Review

04 September 2017

Dubai, UAE: Today Knight Frank Dubai releases their Q2 2017 Dubai Commercial Market Review.

The report provides insights on current and future market trends alongside commentary on the development of Dubai’s key economic indicators.

Key Findings:

• On average office rents across Dubai fell 4.5% 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% Y-o-Y and strengthening to 2.5% Y-o-Y in 2018

• The US Dollar has depreciated rapidly in the first seven months of 2017 (6%), this is likely to provide further support for economic growth

• Employment is forecast to grow in Dubai by 1.6% in both 2017 and 2018

Click here for full report

For further information, please contact:

Nicola Milton, Head of ME Marketing, +971 4 426 7000, Nicola.milton@me.knightfrank.com

Taimur Khan, Senior Analyst, Knight Frank, Research, +9714426 7660, taimur.khan@knightfrank.com

Ends

Notes to Editors

Knight Frank has a strong presence in the Middle East with offices in Abu Dhabi, Dubai, and Saudi Arabia. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants.

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and together with its New York-based global alliance partner, Newmark Grubb Knight Frank, operate from over 418 offices, in 60 countries, across six continents and has over 14,000 employees. For further information about the Company, please visit www.knightfrank.ae