- OBC is witnessing shifting tenant demographics amid a changing office utilization landscape
- Rising demand drives OBC’s expansion to Emaar Square, Downtown Dubai
Dubai, United Arab Emirates, September 19, 2022 /PRNewswire/ — Prior to 2020, the general belief was that offices were key to productivity, culture, and progress in the war for talent, as companies competed for office space in major cities around the world. . Yet today, where uncertainty, cost reduction, flexibility, agility and resilience are buzzwords resonating across industries, organizations are shrinking their real estate portfolios. As a result, flexible office space emerges as an optimal solution to the changing business landscape.
One Business Center (OBC), a company created to inspire entrepreneurial success by providing business creation, private offices and coworking spaces in dubaihas recently witnessed a profound demographic shift in customer occupancy and even plans to expand its current space to 100,000 square feet by the end of next year.
Once a stronghold of start-ups, entrepreneurs and temporary local customers, OBC is now the preferred address for a growing number of SMEs and global multinationals that have downsized since 2020. These two groups now represent 60% and 25% of its current customer base in its prime locations at Jumeirah Lake Towers and Dubai Media City.
With a recent CBRE report showing that dubai office rents are rising faster than in New York and London and with the value of prime office rents increasing by 7% in the first half of 2022, demand for flexible space in major business districts has never been stronger. As a result, OBC is adding a third slot to its portfolio – becoming the first business center to open in Emaar Square, which is home to multinationals, leading local and regional companies, financial institutions and consulting firms. OBC at Level 7 Emaar Square Building 6 will open mid October 2022.
Abir MusaManaging Director of OBC, says: “We have seen a marked change in the occupancy of our customers in recent years, with SMEs and more established international companies looking to change their office environment in response to the need for business models diversity and flexible working practices.With the business center model providing an easy transition to a fully operational office from day one, many companies have found it easy and cost-effective to make the switch. to this growing demand, we are now expanding our own property portfolio to a new location in Emaar Square in the heart of Downtown Dubaiand right next to DIFC, where our clients will be in the company of leading international, regional and local financial, consulting and accountancy firms.”
Spread over six buildings, Emaar Square provides direct access to a central road corridor leading to all of that of Dubai major highways including Sheikh Zayed Road, Al Saa‘da Street and Al Khail Road; as well as covered pedestrian links to access the Dubai Mall and Dubai Mall Metro.
Offering ready-to-use business solutions, OBC adds another premium location in Emaar Square to an existing collection of highly curated workspaces, in One JLT and Media One Tower, two of that of Dubai main business districts.
For more information on the One Business Center offering, visit: www.onebusinesscentre.com.
SOURCE One Business Center