ICD-Brookfield CEO on Opening Dubai's Largest Office Tower in a Pandemic

The video discusses the challenges and successes of opening the ICD Brookfield Tower during the pandemic, highlighting strong tenant demand for quality office space. It explores the debate between work from home and returning to the office, with many businesses favoring the latter for productivity and collaboration. The video also examines demand drivers in Dubai, such as businesses consolidating locations and international interest. Finally, it addresses the office space supply, emphasizing a flight to quality in the market.

What was the initial reception of the ICD Brookfield Tower by tenants?

• It was only partially occupied.

• It was poorly received due to the pandemic.

• It was well received by top multinational tenants.

• It was ignored by potential tenants.

What is the expected timeline for the ICD Brookfield Tower to reach full occupancy?

• By the end of 2021

• By the end of 2022

• By the end of 2023

• By the end of 2024

How has the work-from-home model affected businesses according to the tenants?

• It has made collaboration easier.

• It has had no impact on productivity.

• It has increased productivity.

• It has decreased productivity.

What is driving the demand for office space in Dubai?

• A lack of available office space.

• Businesses looking to expand into multiple locations.

• A decrease in international business interest.

• Businesses consolidating multiple premises into one.

Why have some international businessmen extended their stay in Dubai?

• Due to a lack of flights back home.

• Because of personal reasons unrelated to business.

• Because of the environment and business opportunities in Dubai.

• Due to unfavorable business conditions elsewhere.

What is the current vacancy rate for office space in Dubai?

• 15%

• 10%

• 25%

• 35%

What is the trend in the office space market in Dubai?

• A flight to quality, with a focus on premium spaces.

• A decrease in demand for all types of spaces.

• An increase in demand for residential spaces.

• A shift towards lower quality spaces.