Over the years, Abu Dhabi has emerged as a dynamic and thriving hub in the UAE. Entrepreneurs favour Abu Dhabi over other emirates due to the city’s strategic location, supportive government policies and a robust infrastructure.
A Booming Economy and a Rise in New Businesses
The year 2023 saw the city’s economy expand by over 3.1%. This is expected to accelerate further in the coming years and is driven by different sectors like finance, tourism and technology. It is projected that this could double by the end of 2024. This is seen as a major boost for businesses in all sectors. The Abu Dhabi Department of Economic Development granted over 25,647 new licenses in the year 2023, reflecting a 3.5% increase compared to the previous year. Industry experts view this as a strong indicator of growing confidence among the business community.
It is also very important to consider that Abu Dhabi’s economy has maintained a consistent growth momentum since the covid slowdown. The emirate’s GDP grew by 9.3 per cent annually in 2022 to record the highest growth rate in the Middle East and North Africa region, exceeding Dh1.1 trillion.
This rise in Businesses is supported by a number of factors.
- World-Class Infrastructure – Businesses can access infrastructure which is on par with world class cities like Paris, New York. One has access to world-class infrastructure, modern airport, efficient transport and more.
- Government support and favorable business environment – The government is committed to economic diversification and over the years we have seen policies that support businesses and startups that nurture and build this environment.
The Demand for A Grade Offices in Abu Dhabi
As the economy of Abu Dhabi continues to soar we are witnessing a rise in demand for premium office spaces. This is especially in the central business district and other well-established zones like the Abu Dhabi Global Market.
Savills, A global real estate advisory recently reported that there are over 90,000 square meters of office space in the pipeline by 2026.
Over the years leasing activity has been on the rise primarily because businesses are returning to premium office spaces and expanding. Abu Dhabi’s strategic efforts to attract international investors and improve the business environment are really paying off. Grade-A office spaces are becoming a hub for international and regional companies, and there’s a big focus on quality.At Office Square, we’re excited to be part of Abu Dhabi’s thriving business landscape. As the city continues to grow and attract global businesses, the demand for premium office spaces in Abu Dhabi like ours will only increase. Our commitment to providing world-class facilities and exceptional services aligns perfectly with the needs of modern businesses.
With our prime locations in iconic buildings like Aldar HQ and Nation Towers Mall, we offer premium private offices, conference rooms with state-of-the-art technology and resources that cater to the evolving needs of entrepreneurs and established corporations. By choosing Office Square, you’re not just renting a space, you’re investing in a future of growth and success