Dubai office market smashes records with AED 2.8 billion in Q1 sales
Dubai’s office real estate sector delivered a phenomenal start to 2025, recording AED 2.8 billion ($762.4 million) in sales across 933 transactions—a striking 83% year-on-year increase in value and a 24% jump in volume. Off-plan deals surged by 741%, reaching AED 800 million, while ready-office transactions climbed nearly 40%. With soaring demand and limited supply, prime Business Bay led the way, though growth was noted across Downtown, DIFC, Barsha Heights, and Silicon Oasis.
Prices and rents surge amid tight supply and business growth
Average office prices jumped 24.5% YoY to AED 1,650 per sq ft, and rentals rose sharply by 24%, driven by a shortage of Grade A spaces causing spillover into B and C properties. The influx of foreign companies—39% more in Q1—has fueled this demand. With only ~215,000 sq m of new office space expected in 2025, landlords are poised to retain pricing power throughout the year
