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FINANCIAL NEWS
Dubai’s JBR plans to refashion retail spaces into offices
23 Nov 2011
(MENAFN) Jumeirah Beach Residence (JBR) unveiled plans to convert a number of retail outlets in its plaza level into office spaces, Arabian Business reported.
JBR became a popular expatriate destination on its completion in 2007. It faces 1.7km of beach that features a string of luxury hotels, popular eateries and retail outlets.
However this was not translated to those on the development’s plaza level, where a significant number of retail units stand empty.
Dubai Properties Group (DPG), the developer of the complex, may face stiff competition to attract commercial tenants because of oversupplied office space across Dubai.
According to Jones Lang LaSalle, Dubai has empty office space equal to about nine Empire State buildings, in addition to 13.1m sq ft of office space due to be completed this year.
More News
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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