Dubai office rents continue to rise

Demand for office space in Dubai continued unabated last year with huge increases in capital values in locations where new buildings are near to completion, according to a report by Asteco Property Management. The city now commands one of the highest global rental yields for commercial premises, ranging from 17-18%. Rent for office space increased by about 5% on average over the last quarter, with Sheikh Zayed Road and Oud Metha seeing surges of 6 and 12% respectively.