Savills: Dubai continues to lead the region as a preferred base for corporate occupiers across key sectors such as technology and life sciences

Savills: Dubai continues to lead the region as a preferred base for corporate occupiers across key sectors such as technology and life sciences

Savills: Dubai continues to lead the region as a preferred base for corporate occupiers across key sectors such as technology and life sciences

According to the latest Dubai Office Report from Savills, the leading global real estate advisors, leasing activity remained largely stable during the first half of 2020 despite strong headwinds caused by the COVID-19 pandemic. Similar to the last few years, the demand was driven by consolidation and space optimisation strategy by existing corporate occupiers in the city.

The pandemic has further accelerated this trend as companies try to rationalise their office space requirements in the wake of increased flexi-working including an extended work from home arrangement.

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