The Business Bay, the mixed-use district adjacent to the world's tallest tower Burj Khalifa in the center of Dubai, is poised to lead the office boom in the sheikhdom, said real estate consultancy Jones Lang LaSalle in its latest report on Tuesday.

According to the report, the Dubai real estate market continues to improve with all sectors in a recovery phase. In the office market, Jones Lang LaSalle noted that there is a demand for bureaus in prime locations like Business Bay in central Dubai and Jumeirah Lake Towers in the West of the Emirate.

"The office market, although the last sector to emerge from recession, is now on a recovery path with rental growth recorded mainly in the prime locations and new high quality buildings," said the report.

"An additional office space of 587, 000 square meters could enter the market in the second half of 2013," said the report, adding that 56 percent of the total upcoming supply will be in Business Bay."

Rental prices for commercial property increased on average by 8 percent in the last quarter as 31 percent of existing office space was vacant. The prime capital price in such areas was 16,125 Dirham (4,397 U.S. dollars) per square meter, but the prices might ease in the second half due to the high levels of supply, said the report.

Business Bay is a central business district in Dubai adjacent to the 828 meters tall Burj Khalifa. Partly completed, Business Bay harbours 240 mostly high-rise buildings. Endi

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