In Q3 2025, Dubai office market saw remarkable growth, with sales reaching a new high of $843m. This surge, marking a nearly 90% increase compared to the same period last year, highlights the city’s ability to attract global businesses despite ongoing supply constraints. The market experienced nearly 1,200 sales transactions, reflecting a 40% year-on-year increase.
Growth Driven by Strong Demand and Limited Supply
The off-plan market played a pivotal role, with values surpassing AED 1bn ($272m) for the first time in 15 years. Demand has been driven by businesses seeking next-generation office spaces that are efficient, aligned with ESG (Environmental, Social, and Governance) principles, and offer attractive payment plans. Despite strong demand, supply remains tight, with only 80,000 sqm of office space delivered by September 2025, and 40,500 sqm expected by the end of the year.
Top Locations for Office Sales
The top locations for office sales in Q3 2025 included Business Bay, with 328 transactions, followed by Jumeirah Lakes Towers (JLT) with 277. Majan, Jumeirah Village Circle (JVC), and Barsha Heights also recorded strong sales, accounting for 80% of total transactions.
Office Rental Market Sees Significant Growth
The Dubai office rental market also witnessed significant growth, with average rents increasing by 30%. Premium locations like DIFC saw a 35.5% increase in rental rates, while areas like Downtown Dubai and Barsha Heights also saw strong rent hikes of 33.9% and 27%, respectively. The divergence in rental performance highlights the tiered market structure, with prime locations seeing premium growth.
