Abu Dhabi Prime Office Rents Surge 11.7 Percent as Vacancy Drops Near Zero
A new JLL real estate report revealed that Grade A office rents in the UAE capital have jumped nearly 12 percent year-on-year, pushing the vacancy rate down to a razor-thin 0.1 percent. The massive squeeze on commercial real estate underscores the massive influx of international corporations and financial institutions setting up headquarters in Abu Dhabi.