At least 4.4 million square feet of new office stock is predicted to come up for lease in Dubai between now and the end of 2019, according to real estate consultancy Core Savills.
In addition, swaths of existing office space – at least a few hundred thousand square feet – is projected to become available because of corporate consolidation activity and relocations.
The consultancy’s third-quarter office market update for Dubai estimated that 2.2 million sq ft of office stock is predicted to complete in 2018 and 1.89 million sq ft in 2019, following a robust delivery pipeline this year.
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Office supply grew by nearly 2.3 million sq ft in the first nine months, the report said, noting an estimated 71 per cent of this was grade A offices, a segment where demand has consistently outstripped supply.
Core Savills’ chief executive David Godchaux said: “Developers are listening to the market, and have significantly slowed the pace of new grade B and C office space. This comes as welcome news for global corporate occupiers, who have sometimes found it difficult to secure the right [prime] office space in the city.”
Prominent deliveries include the remaining portion of One Central at Dubai World Trade Centre; Amesco Tower in JLT, the first phase of Innovation Hub and the almost entirely pre-leased Gate Village 11 in Dubai International Financial Centre.
In 2019, ICD Brookfield Place (a joint venture between sovereign wealth fund Investment Corporation of Dubai and Canadian asset manager Brookfield), and the second phase of Dubai Design District (D3) are scheduled to be brought to market.
Mr Godchaux said it was harder to predict the amount of stock likely to become available because of corporate relocations, but that it was “at least a few hundred thousand square feet”.
For example, over 28,000 sq ft of space is expected to become available in Emaar Square following the merger of NBAD and FGB earlier this year.Meanwhile, HSBC’s move to its purpose-built facility in Downtown Dubai is anticipated to free up space at its current office, also at Emaar Square. The new building now under construction, is expected to offer an additional 60,000 sq ft for lease beyond HSBC’s requirements.
“Many corporates have been instigating build-to-suit requirements as they haven’t been able to find suitable space in the market to date,” Mr Godchaux said.
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
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Abu Dhabi Sustainability Week
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
The specs: 2018 Mercedes-Benz E 300 Cabriolet
Price, base / as tested: Dh275,250 / Dh328,465
Engine: 2.0-litre four-cylinder
Power: 245hp @ 5,500rpm
Torque: 370Nm @ 1,300rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.0L / 100km
