Dubai office rents are rising faster than in New York and London: Report

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 800 feet over the financial district

Office rents in Dubai are rebounding for the first time in six years, rising faster than in New York or London as global banks and businesses expand into the financial hub known for its love of glitzy construction.
 

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 800 feet (244 meters) over the financial district. The tower opened just as the pandemic spread globally, but roughly 90 per cent of its 1.1 million square feet of office and retail space is now taken or under offer, with a long wait