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FINANCIAL NEWS
Dubai holds the most expensive office real estate in the Middle East
24 Jun 2013
According to Arabian Business, Dubai’s office space is ranked the 25th most expensive in the world and the priciest in the Middle East.
The report by CBRE Global Research and consulting sheds light on the high international demand for premium quality office space. Currently, the average rental price for office space in Dubai is USD92.57 per sqft. In comparison, Hong Kong leads the world at USD235.23 per sqft.
The scarcity of premium quality office space in prime locations has triggered an increase in rental prices. According to CBRE Middle East Head of Research Matthew Green: “Dubai remains the destination of choice for global businesses looking to enter the region, driven by the prospects of economic, the stable political environment and a truly world class infrastructure.”
Dubai was the only Middle Eastern city to make the top 50. The rest of the top 50 most expensive cities for office space are mainly in Asia-Pacific.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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