Market Info
Dubai Economic Growth & GDP
Dubai's growing economy, diversification of GDP contributers, entrepreneurial opportunities and increased quality of life has attracted more and more people to call Dubai their home. The population has nearly doubled every 10 years since 1965, with close to 1 million inhabitants presently living within the city limits. News of the best kept secret in the Middle East is quickly spreading!
Top multinational companies find Dubai a great place to position their regional hub or headquarters due to the low corporate tax on companies registered in Dubai, or 100-percent foreign ownership and 50-year corporate and personal tax exemption in most Free Trade Zones. The tax benefit, in addition to the low commercial rents (as listed below in comparison to other international cities) makes relocating your company here almost irresistible.
| Worldwide Office Rents |
Location
|
Local Currency / Measure |
Current $ per. Sq. ft |
Current $ per. Sq. m. |
London
|
P 70 sq.ft. p.a.
|
150.86
|
1,624 |
| Tokyo (Inner Central) Japan |
JY 35,000 tsubo p.m. |
118.04 |
1271 |
| Paris, France |
e 686 sq.m. p. |
81.91 |
882 |
| Moscow, Russia |
US$ 520 sq.m. p.a. |
64.49 |
694 |
| Dublin, Ireland |
E 495 sq.m. p.a |
60.23 |
648 |
| Zurich, Switzerland |
SF 840 sq.m. p.a. |
59.14 |
637 |
| New York (Midtown Manahattan) |
US$ 57.13q.ft |
57.13 |
615 |
Frankfurt, Germany
|
E 40 sq.m. p.m.
|
57.07 |
614 |
| Mumbai |
Rs 110 sq.ft. p.m |
53.04 |
571 |
| Hong Kong |
HKS$ 25.16 sq. ft. p.m |
52.38 |
564 |
| Milan, Italy |
E 440 sq.m. p.a. |
51.74 |
557 |
| Madrid, Spain |
E 380 sq.m. p.a. |
51.13 |
550 |
| Boston (CBD) |
US$ 48.65 sq.ft |
48.65 |
523 |
| Washington DC (CBD) |
US$ 48.34 sq.ft. |
48.34 |
520 |
| Rome, Italy |
E 350 sq.m. p.a. |
42.18 |
454 |
| Beijing China |
US$ 33.13 sq.m. p.m.. |
36.93 |
398 |
| Sydney |
A$ 567 sq.m. p.a. |
36.89 |
397 |
| Mexico City, Mexico |
US$ 28.00 sq.m p.m. |
36.38 |
392 |
| San Francisco (CBD) |
US$ 31.88 sq.ft |
31.88 |
343 |
| Los Angeles (CBD) |
US$ 27.78 sq.ft. |
27.78 |
299 |
| Istanbul, Turkey |
US$ 15 sq.m p.m |
24.03 |
259 |
| Dubai, UAE |
AED 70 sq.ft p.a |
20.96 |
226 |
Dubai Population and Employment Growth
Dubai (in the United Arab Emirates) holds the top position worldwide for both population and employment growth, at 5.8% pa. and 8.3% pa. respectively (Figure 1). This rapidly expanding Emirate city-state has emerged over the past decade as a leading economic and trading hub of the Gulf States. Much of its success derives from a drive to create a favourable environment for business, and in providing the physical infrastructure to match.
Main Economic Indicators
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