Space optimisation drives demand for leasing in Dubai in H1’20

Space optimisation drives demand for leasing in Dubai in H1’20

Despite the unprecedented times caused by the outbreak of the COVID-19 pandemic, leasing activity in the first half of 2020 remained largely, according to the latest Dubai Office Report by Savills, the global real estate advisors.The report revealed that similar to the last few years, the demand was driven by consolidation and space optimisation strategy by existing corporate occupiers in the city.In fact, the pandemic further accelerated this trend as companies tried to rationalise their office space requirements as the need for flexi-working including an extended work from home arrangements witnessed a surge.Talking about the trends, Paula Walshe, director for International Corporate Services at Savills said: "The majority of enquiry levels and transactions during the first half of the year were for