A Growing Market: Shared Office Spaces in Dubai
Flexible workspaces are globally expanding and are growing in different markets across the world. In fact, with its immense growth, it can no longer be considered merely as a complementary subsector of the office market. Flexible workspaces are now a fundamental core of the commercial real estate market.The market of shared office spaces in Dubai is expected to grow in the coming years, especially as there are many businesses in the region that are considering shared offices as a convenient and hassle-free solution.
Our centre at One Central Dubai launched mid-year and was an important expansion opportunity beyond our Asia Pacific home-base. Dubai’s market is characterised as being highly trend-driven. Business owners and their employees like to be in the newest and most modern workspaces. In our experience we have seen mostly start-ups, freelancers and SMEs that are opting for coworking spaces in Dubai due to the option of flexible leasing agreements and strategic locations. The development of shared offices is especially beneficial to potential business setups that want to take stock of the market before taking on long-term commitments in a building. Additionally, 360-degree lifestyle facilities and convenient extra services make shared space an attractive option.
Co-working office spaces in Dubai are often aesthetically appealing to employees because it promotes creativity and productivity thanks to compelling design touches. These modern workspaces are not only changing the way offices should look like, but also how employees work. Shared offices also are the best choice for freelancers who might be having difficulty focusing on their work from home. A flexible workspace serves as a cost-effective solution in this instance. Freelancers are not the only ones who get to enjoy flexible working hours. There is an increase among businesses that offer flexible working hours. Research published by Vodafone shows that three in four companies worldwide now provide their employees with the option to vary their hours and work from home.
A recent study conducted by HSBC found that flexible working is the biggest motivator in boosting productivity among employees. According to Forbes, in 5 years, millennials will make up 75% of the global workforce and this will surely impact the workspace concept even more. There’s been an increase in the level of customisation to capture this growing demand. A shared office changes the rigid cubicle into a transformative space. Through thoughtful design, TEC is innovating and shaping the workflows of our Members, helping them collaborate and work comfortably.
Demand for flexible workspaces continues to grow throughout the world and the Middle East is no exception.
Our design features enable:
Collaboration. Everyone wants their own personal space to focus on particular tasks, but they also want to collaborate with their fellow Members and colleagues comfortably.
An open environment. Cubicles certainly have a place in some work environments and can help you feel focused on your individual work. Many companies are choosing to create a more open environment by picking customisable cubicles with lower walls or removing dividers altogether.
Multifunctional space. Shared offices offer access to spaces with multiple functionalities that allow for freer movement and choice throughout the day.