“… We pride ourselves on delivering high value legal services. Excellence is our Minimum Standard.”
Over the past six months, confidence in the Dubai real estate market has increased to more sustainable levels, boosted by the Expo 2020 win and increased regulation. International investors have been encouraged by Dubai?s growing property market, which led to the UAE topping the Occupier Sentiment Index (OSI) and Investment Sentiment Index (ISI) as part of the Q4-2013 RICS? ?Global Commercial Property Monitor?.
Retail has continued to be the star performer across the commercial sectors with rental growth set to exceed that of the mainstream office and industrial markets in Q1 2014. This confidence in the sector has brought a number of new retailers into the UAE market and this has been matched by multiple announcements of new malls planned for development over the next two years.
These include a new collaboration between Tecom Investments and Majid Al Futtaim to build a 1 million square feet mall at the International Media Production Zone (IMPZ). That said, international occupiers of office and industrial space have also demonstrated renewed confidence in Dubai, where we have seen both new entrants into the region, in addition to current international occupiers looking to expand their commercial space to support business growth.