Dubai’s Off-Plan Office Boom Fuels Strong Commercial Real Estate Growth

Dubai’s commercial property market continues its impressive upward journey, with off-plan offices emerging as the key growth engine. October recorded Dh12.3 billion in commercial transactions, highlighting the city’s expanding global business appeal and rising demand for modern, future-ready workspaces.

Key Highlights:

• Commercial real estate transactions reached Dh12.3 billion in October across 1,274 deals, reflecting a 21.4% annual increase.
• The office segment led the surge, with transaction volumes rising 64% and values climbing 98% year-on-year.
• Off-plan office sales expanded dramatically—from 69 deals in Q3 2024 to 389 in Q3 2025, a 464% rise.
• October alone recorded 225 off-plan office sales, showcasing strong investor confidence.
• Prime districts like Business Bay and Jumeirah Lakes Towers continue to see high demand due to limited ready supply and exceptional occupancy levels above 90%.
• Popular new developments include Lumena, Lumena Alta, AHS Tower, Samana Barari Avenue, 31 Above, and Aspirz Tower, offering sustainable designs and advanced digital infrastructure.
• Dubai’s strong business environment, supported by record company registrations and rising multinational interest, continues to drive commercial demand.
• Retail properties also performed strongly, with sales volumes up 29% and values doubling year-on-year.
• Residential activity remained vibrant, with 18,530 home sales in October and off-plan making up 68.3% of transactions.
• Macro trends, including the UAE’s rising role in global trade, are boosting demand for future-ready commercial spaces.
• Government strategies such as Operation 300bn continue to support industrial diversification and investment.
• Engel & Völkers projects continued momentum through 2026, driven by strong investor appetite and expanding corporate demand.