Dubai's Commercial Property Boom Continues with Record-Breaking Office Sales
Dubai’s office market recorded AED 8.2 billion in sales during Q1 2026, with transactions rising 75% year-on-year. Off-plan office sales overtook ready transactions for the first time in over 15 years, according to Cavendish Maxwell.
Dubai, 06 June 2026:
Around 1,600 office transactions were recorded between January and March, up nearly 75% year-on-year. A key highlight was the off-plan segment, which overtook ready office sales for the first time in more than 15 years, generating AED 6.4 billion and accounting for over 60% of all office transactions.
The report attributes the growth to continued business expansion, strong investor confidence and Dubai’s appeal as a global business hub. Office prices rose nearly 23% year-on-year to AED 2,029 per square foot, while average rental rates climbed 20% to AED 192 per square foot.
Major business districts including DIFC, Downtown Dubai, Business Bay and Jumeirah Lakes Towers recorded strong demand, while larger office spaces also gained popularity among expanding companies.
With more than 73,000 square metres of new office space delivered during the quarter and further supply in the pipeline, Dubai’s commercial property market is expected to remain resilient throughout 2026, supported by strong economic fundamentals and continued business growth.
