Abu Dhabi Office Market Insight - H1 2017

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The International Monetary Fund (IMF) estimates that overall real GDP growth in the UAE registered 3.9% in 2015 and is expected to fall in 2016 to 2.3%(f) before seeing gradual recovery to 2.5%(f) in 2017.

Current WTI Oil prices have recovered to USD 54 a barrel from this time last year when oil was c. USD 36 a barrel, which should assist government reviews on federal spending in 2017/18. There are some analysts predicting that average oil prices will stabilise around USD 60 between 2016 and 2020.

Source : Knight Frank

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