Dubai office space going for top dollar

Moving office: People visit the Dubai Financial Market. Noted for its timely response to the pandemic, the city is seeing a growing number of firms relocating to the emirate business hub in favour of markets like Hong Kong and Russia. — Bloomberg

DUBAI: Office rents in Dubai are rebounding for the first time in six years, rising faster than in New York or London as global banks and businesses expand into the financial hub known for its love of glitzy construction.

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 244m over the financial district.