The office market was overall stable in 1Q2016, according to a recent report by Cluttons, supported by sustained demand from international and domestic occupiers, despite businesses increased level of cost consciousness. The strongest performing submarket in New Dubai was Dubai Internet City, Dubai Media City and Dubai Knowledge City, which together saw a blended 10% rise in lower limit rent to AED165/sqft, and a 13% rise to the higher limit rent to AED225/sqft. Old Dubai maintained its status as a hub for local businesses, where areas such as Bur Dubai and Al Garhoud, saw a rise in rental rates. (Arabia Business)