The office market in Dubai has continued to experience a healthy level of demand in the Q4 of 2014 and the Q1 of 2015, according to a recently released report.

According to Knight Frank’s Dubai Office Market Update for H1 2015, levels of activity within the market remained robust even if the economic momentum slowed down in the first half of 2015.

“With the supply of well-specified prime office developments yet to cater for a growing level of occupier demand, we are seeing the construction of a number of Grade A developments which are coming out of the ground in order to satisfy both on shore and off shore demand,” stated the report.

Projects like the D3 development by Tecom at the Design District and the new office development at the Dubai World Trade Centre will be effective additions to the Grade A supply of office spaces in the market.

The report also mentions that one of the most anticipated announcements has been within the DIFC where a joint venture between ICD and Brookfield is planning to deliver a 50 storey office tower that will sit behind Currency House and the Ritz Carlton with direct physical access into the free zone itself. The announcement of Brookfield Plaza along with new stock recently delivered within buildings such as Index Tower and Burj Daman provided much needed relief to the DIFC which is almost at full capacity itself.