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- Saudi Arabia invites applications for exploration permits in Riyadh, Madinah regions
- Dubai port operator DP World grows 2024 revenues to record $20b
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13/03/2025 07:12 AST
Small and medium sized businesses in Dubai continue to get hit with higher rent demands from their landlords - and many of them are even getting eviction notices as office spaces in the city keep recording peak demand and higher lease rates.
Many landlords are not in the mood for their current rents on offices to grow organically and thus extend their leasing arrangements with current tenants. This is where the evictions are starting to show up regularly, unless the tenant is willing to meet the 20%-30% increases on their rent costs.
Because, property market sources say, even a bare minimum office that's available in Dubai will have ready takers. Plenty of them, to be precise.
This is why SMEs are having the most difficulty in meeting their landlords' expectations of what the rent should be. Even if they wanted to move, there aren't many immediately available choices to shift. Across top-tier and Grade A office buildings in Dubai, occupancy levels are well into the high 90% levels. It's more or less the same situation when it comes to Grade B offices and locations.
Gulfnews
| Ticker | Price | Volume |
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13/03/2025
Saudi Arabia has opened applications for pre-qualification for mining exploration licenses across three mineral-rich belts in the Riyadh and Madinah regions, covering nearly 50 percent of the total a
Arab News
13/03/2025
Dubai's DP World revenues closed 2024 at $20 billion, after gaining an impressive 9.7% , while the adjusted EBITDA rose 6.7% to $5.5 billion.
The net profit for 2024, however, came in lower
Gulfnews
13/03/2025
Qatar witnessed a positive and strong residential performance in the fourth quarter (Q4) of last year. The total residential stock during Q4 2024 was 399,542 units, comprising 251,513 apartments and
The Peninsula
13/03/2025
Customs processing on UAE-Pakistan shipments will speed up after a new deal between AD Ports Group and the Pakistan Single Window platform.
Shippers can thus submit all data related to impor
Gulfnews
13/03/2025
Saudi banks recorded a net income of SR21.5 billion ($5.7 billion) in the fourth quarter of 2024, up from SR20 billion in the previous three-month period, according to Fitch Ratings.
The imp
Arab News
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