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Rental And Purchase Prices Soar Across All Cities

The commercial real estate market in Cyprus is currently experiencing a remarkable surge, with office rental and purchase prices escalating significantly across all major cities. This upward trend is driven by a robust demand for office spaces, fueled by both local businesses expanding their operations and a wave of foreign investment. Nicosia, Limassol, and Larnaca are particularly hot spots, with these cities witnessing the highest levels of interest and competition.

In Nicosia, the capital city, the demand for premium office spaces has led to a noticeable increase in both rental and purchase prices. Companies, especially those in the financial and professional services sectors, are actively seeking modern, well-located offices, driving up costs. Limassol, known as the business hub of Cyprus, is experiencing even more pronounced growth. The city’s status as a key destination for international businesses, particularly in shipping and finance, has spurred a significant rise in office demand, leading to a competitive market where prices continue to climb.

Larnaca is also witnessing strong growth, driven by recent infrastructural developments and its strategic location as a gateway to the island. The surge in office space demand here reflects the city’s growing importance as a business center, attracting both local and international companies.

The broader implications of this trend suggest that Cyprus is solidifying its position as a regional business hub. The ongoing expansion in the office market is a positive sign for the island’s economy, indicating investor confidence and the potential for sustained economic growth. However, the rapid rise in prices also poses challenges, particularly for smaller businesses and startups that may find it increasingly difficult to secure affordable office space.

As the office market continues to thrive, stakeholders in the commercial real estate sector, including developers, investors, and policymakers, will need to carefully navigate this evolving landscape. Ensuring a balanced supply of office space that meets the diverse needs of businesses while maintaining sustainable growth will be key to capitalizing on this momentum and supporting Cyprus’s long-term economic development.

UAE Job Trends For 2025: High-Demand And Lucrative Roles Revealed

The UAE’s flourishing asset management sector, bolstered by rising investor interest, regulatory advancements, and a surge in Family Offices and Ultra High Net Worth Individuals (UHNWIs), is driving demand for banking and finance talent.

Roles in fundraising and institutional sales are particularly sought after, with professionals in these fields highly valued for their regional networks and industry expertise, according to Michael Page’s UAE 2025 Salary Guides. The comprehensive report, which includes insights from 17 industries, offers an overview of current hiring trends, salary benchmarks, and the recruitment challenges businesses face.

Banking And Finance In High Demand

The report highlights a significant need for compliance professionals, especially those with experience in Dubai Financial Services Authority (DFSA) and Financial Services Regulatory Authority (FSRA) regulations. Chief Compliance Officers and Money Laundering Reporting Officers (MLROs) are among the most lucrative roles in the sector. Jon Ede, Regional Director UAE at Michael Page, pointed out that in 2024, the UAE’s workforce grew by 9%, and the number of new companies increased by 14.5%, showing the success of the nation’s strategic initiatives.

Sales, Marketing, And IT Growth

The sales and marketing sector has seen steady growth, especially in B2B industries like technology, real estate, energy, and logistics. Roles such as Business Development Manager, Chief Commercial Officer, and Strategic Sales Director are in demand, with a premium placed on business development, key account management, and communication skills.

The IT sector, meanwhile, continues to evolve rapidly, with high demand for positions like Head of Software Development, Full-Stack Software Engineer, Agile Product Manager, Senior DevOps Engineer, and Digital Adoption Specialist. The report underscores the significant shift in the UAE talent market for digital professionals in recent years.

Navigating The Skills Shortage

The study also highlights the growing skills shortage, with businesses grappling to find candidates with the right expertise. A staggering 37% of business leaders reported challenges in finding skilled talent, while nearly a third (30%) struggled with employee retention. Nearly half (48%) of employers also cited aligning salary expectations with candidates as a key obstacle.

Ede suggests that businesses can overcome these challenges by offering competitive packages that include benefits, career development opportunities, and workplace incentives, positioning themselves as attractive employers in the competitive UAE job market.

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