This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Market News
Dubai Office Market Enjoys Record H1 Growth
Dubai’s office market witnessed continued growth in H1 2025, with its total sales value surging by 84% from H1 2024 to reach a record-breaking AED 5.4 billion ($1.47 billion), according to a report quoted in local publication Zawya. This involved nearly 1900 transactions, including 83 high-value sales exceeding AED 10 million, which is a staggering 207% rise in the high-value sector from the same period last year.
Ready offices dominated activity, accounting for nearly 85% of sales. While the prestigious Downtown Dubai area continued to command the highest prices (exceeding AED 5000 per sq. ft.), Business Bay led the market with 672 transactions and cemented its spot as the city’s second- most expensive area, with prices surpassing AED 2000 per sq. ft. Relatedly, the Dubai International Financial Centre (DIFC) registered over 1080 new businesses, a 32% YoY increase.
Happily, off-plan sales grew at a quick clip as well, recording an almost 180% YoY growth, signalling investors’ desire for upcoming developments focused on modern, innovative and ESG- aligned spaces. This is a trend symbolised by developments including OMNIYAT’s Enara, which when ready in 2028 will offer unparalleled corporate prestige, merging palatial waterfront offices with landscaped terraces, a private members’ club and more.
Office sales prices rose market-wide by 22.2% from H1 2024 to arrive at an average of AED 1748 per sq. ft. Rental rates also surged — up 26.4% YoY overall and nearly 35% in prime districts such as DIFC. Compared to H2 2024, sales prices and rental rates climbed 13% and 10% respectively, driven by strong investor and tenant appetite.
Supply, struggling to catch up with demand in recent years, is now gradually ramping up. H1 2025 saw 34,000 sqm. of new office space, with a further 110,000 sqm. expected by the end of the year. Looking ahead, total office space is projected to reach 9.78 million sqm. in 2026 and 10.85 million sqm by 2028. By 2030, office space in Dubai could be double of what it currently is.
This growth in the commercial real estate sector aligns with the broader performance of the city’s economy. With over 500 new FDI projects and AED 11 billion ($3 billion) in capital inflows, Dubai is set to enjoy an even brighter future as a global business hub.
