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Construction continues despite oil dip, Knight Frank reports

Knight Frank’s 2015 H1 Abu Dhabi Office Research Report highlights that there has been a lower number of office space enquiries during the year. This is attributed to having a possible connection with the drop in oil prices.

Despite lower oil prices in H1 2015, construction work continued across the education, healthcare, and infrastructure sectors.

The report states that the number of enquiries from the engineering and construction sector has increased, reflecting the rise in infrastructure projects in the country. The average size requirement for this sector remained steady at around 600m2. This is larger than most other sectors and is being driven by international companies’ requirements for office space.

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