The DubaiInternationalFinanceCenter continues to maintain its status as the premier commercial property development in the emirate even as other areas suffer. The DIFC is home to many corporations and their regional offices as well as the Dubai Stock Exchange. Rents in this part of the city have been relatively stable and high, particularly when compared to some other once high-flying districts.
Property firm CB Richard Ellis recently released its latest report on Dubai and it shows that rents in the DIFC are now averaging around AED450 per square foot. Some private landlords may offer better deals, but those rates are considerably higher than many other commercial districts in Dubai.
Matthew Green, Associate Director for Research at CB Richard Ellis, notes that “The DIFC is a prime location, has excellent facilities and high quality office space, which generates considerable demand.” He continued, saying “The DIFC and wider
Sheik Zayad Roadarea is set to be the Central Business District in Dubai for years to come.”
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