Dubai’s commercial office market is experiencing significant growth, driven by a surge in new business registrations and expansion activities in sectors like finance and technology, leading to high occupancy rates and rental growth in prime business districts. Average Grade A rental values have surged by 25% year-on-year, with key areas like Business Bay and Downtown seeing increases of 44% and 36%, respectively. The rise of hybrid working models has resulted in a growing demand for flexible workspaces, with Expo City emerging as a competitive option offering high-quality facilities at a lower price point than central business districts.
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Palestinians establish vice presidency post, no candidate named yet
The Palestinian leadership has approved the creation of a vice president position for Mahmoud Abbas, potentially paving the way for a successor, aimed at addressing international concerns about Palestinian leadership. In a vote by 170 members of the Palestinian Central Council, only one voted against while another abstained; however, no appointment has been made yet. Abbas, who has led the PLO and PA since 2004, retains the authority to assign and dismiss the deputy, amid...
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