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The Dubai Land Department continues to focus on attracting more investment through increased transparency The Dubai Land Department continues to focus on attracting more investment through increased transparency

JLL: Increased Foreign Demand to Boost Dubai’s Office Market

The Dubai government has made a number of announcements designed to promote foreign investment and investor confidence, which is likely to boost demand in the office market in the medium term, says JLL's latest report.

Two key announcements have been made during the second quarter of the year as the government seeks to stimulate demand and support the office market. These include a reduction in the fee charged on businesses by Dubai Municipality from five percent to 2.5 percent, and the relaxation of existing regulations to allow 100 percent foreign ownership in businesses located outside of free zones.

"These new government announcements should help improve market sentiment and have the potential to directly increase investment and office occupancy across the emirate,"' said Craig Plumb, head, research, MENA, JLL.