The Future of Work is Here

Small and medium-sized enterprises (SMEs) are regarded as the backbone of the Dubai economy, accounting for roughly 90% of all firms, contributing about 43% of the total workforce and slightly above 40% of Dubai's economy and GDP. There are an estimated 230,000 SMEs in the UAE, with half of them being startups.

Despite the fact that Dubai's SME sector is growing at a moderate pace, rising operating costs (including high commercial property leasing costs, salary inflation, and property maintenance costs) have begun to urge numerous aspiring small businesses to seek more cost-effective alternatives.

This demand has effectively opened up new options for Co-working service providers to accommodate small company owners, and as a consequence, Dubai is currently seeing a tremendous boom in Co-working culture, with Co-working spaces sprouting up all across the Emirate.

Employees and businesses are anticipating what will happen next as more people are vaccinated and the pandemic draws to a close. Here's when a hybrid model comes in handy. Employees in a hybrid workplace model have the option of working in a variety of settings, including corporate offices, coworking spaces, public areas, and from home.

Several studies have been undertaken throughout the World to learn more about how a hybrid way of operating might affect the future of work, and the results have been extremely encouraging for the flexspace industry.

It was found that 75 percent of the survey participants were willing to forgo at least one advantage or perk in exchange for the flexibility to pick their working environment. Moreover, 79 percent of C-suite executives want to enable their staff to split their time between corporate offices and remote working.?76 percent of business owners said they're open to providing a stipend to workers who work from home or in a co-working facility.

Employees prefer to spend time at their corporate headquarters, at home, and in other locations such as satellite offices, co-working spaces, and public "third spaces" like a library or a nearby café. The reason behind this shift in mindset can be considered to be an aftereffect of COVID-19, which forced companies Worldwide to not only get creative with their operational practises but also to execute it in an extremely short time window.?

Given the demand and expectations of young entrepreneurs in Dubai who desire a more dynamic environment and comfortable lifestyle, the co-working concept has become a very successful business model in the emirate.

Bisdesk is an innovation-driven digital marketplace designed for users in the new World of Work. We assist both start-ups and established businesses in finding the ideal workspace experiences that spark creativity and inspiration, while also providing our hosts with new avenues to thrive. We're the go-to resource for landlords, hotels, and retailers interested in flexspace adaptation.