UAE commercial property market to take a hit as office work is changing

UAE commercial property market to take a hit as office work is changing

With coronavirus cases still being reported and many offices continuing the work from home (WFH) policy , the commercial real estate sector in the UAE could face some pressure next year, an industry expert said.Since the lockdown in March, when concerned bosses sent masses of employees home, many offices around the country remain mostly empty. Those with client-facing businesses have indeed returned after the restrictions have eased but work from home remains a key trend, and there's a likelihood of tenants scaling back or changing their office requirements in 2021.Stevens noted that while there isn't necessarily a rush going on in the UAE to scale back office space, there have already been "a number“ of commercial tenants who have opted to send jobs offshore. Other tenants that provide client-facing services