Business Bay area to benefit from Dubai stock exchange’s relocation plan: JLL

Tuesday, 19 April 2016 13:41

The Dubai Financial Market’s plan to relocate its headquarters to the Business Bay area could boost demand for office space in the locality. That’s according to the property advisory firm JLL, which says the stock exchange’s recent announcement is expected to generate strong interest from brokerage firms and financial services companies. The news comes amid reports of limited activity in Dubai’s office market during the last three months. Craig Plumb, Head of Research at JLL MENA explains there is demand for good quality space but there is an oversupply of secondary space which is keeping rents flat.

Listen

More from Business News

Sharjah Airport welcomed 4.5 million travelers in Q1

Sharjah Airport welcomed more than 4.5 million travellers in the first quarter of this year, an 8 per cent increase compared to the same period last year.
Trump says 'be patient' as US economy contracts on tariff disruption

U.S. President Donald Trump said on Wednesday that Americans should be patient in the face of a first quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the U.S. economy.
DXB delivers a strong start to 2025 with 23.4 million guests in Q1

Dubai International (DXB) welcomed 23.4 million guests in the first quarter of 2025, maintaining strong momentum and reinforcing its position as the world’s leading international airport.
H.H. Sheikh Khaled meets OpenAI CFO in Abu Dhabi

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, held talks with OpenAI CFO Sarah Friar in the capital.
Aldar reports AED1.9 billion net profit in Q1 2025

Aldar Properties today announced its financial results for the first quarter of 2025, reporting a 33 per cent year-on-year increase in profit before tax to AED 2.2 billion, with net profit after tax rising by 22 per cent year-on-year to AED 1.9 billion.

News

UAE President receives Lebanese counterpart
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Lebanese President Joseph Aoun in Abu Dhabi on Wednesday, in his first official visit to the country since taking office.
UAE authorities conduct air ambulance mission in Oman
Emirati authorities carried out an air ambulance mission for an injured person who "suffered a sudden health problem" in Oman, it was announced on Wednesday.
UAE President holds talks with Ecuadorian leader
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of the Republic of Ecuador, Daniel Noboa, met on Wednesday to discuss strengthening cooperation in economy, trade, renewable energy, sustainability, investment, tourism, and agriculture.

Business Bay area to benefit from Dubai stock exchange’s relocation plan: JLL

More from Business News

News

Our Shows

Quick Links

Listen on the Go

Business Bay area to benefit from Dubai stock exchange’s relocation plan: JLL

Share

More from Business News

News

Our Shows

Quick Links

Listen on the Go