Dubai’s commercial real estate sector just delivered its strongest performance since 2014 — and the numbers are hard to ignore.
According to a new report by Cavendish Maxwell, Dubai’s office sales values more than doubled to Dh13.1 billion in 2025, representing a 102% surge compared to the previous year. Transaction volumes also climbed sharply, rising more than 53% to reach 4,600 deals over the course of the year.
What’s Driving the Boom?
The surge is being fuelled by two powerful forces: tight supply and booming demand. Only about 87,000 square metres of new office space was delivered in 2025, representing less than half of the originally projected pipeline — leaving buyers scrambling for quality stock.
Average office sale prices climbed to Dh1,951 per square foot, up 26% year-on-year, while rents rose an average of 23% citywide — and over 30% in prime locations like DIFC and Downtown Dubai.
Off-Plan Takes Centre Stage
One of the most striking trends of 2025 was the explosion in off-plan office sales. Off-plan activity soared with almost 700% growth compared to 2024, with 1,400 transactions accounting for 35% of all sales — up from just 10% the year before. Total off-plan values reached Dh4.6 billion, nearly six times the Dh700 million recorded in 2024.
Where Are Buyers Looking?
Business Bay led all areas with 1,230 transactions, followed closely by Jumeirah Lakes Towers with 1,067. Together, these two districts dominated the market, accounting for nearly three-quarters of all deals.
What to Expect in 2026
Experts anticipate the momentum to continue, with off-plan demand remaining elevated and supply constraints persisting. For investors and businesses eyeing Dubai’s commercial property market, the window of opportunity — while competitive — remains open.
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