Dubai’s commercial property market recorded AED 30.38 billion ($8.27 billion) in sales during the third quarter of 2025, a 31% year-on-year increase, driven by unprecedented demand for office space. The surge, detailed in a new report by CRC Property, reflects strong investor confidence and the city’s growing status as a global business hub.
Dubai’s commercial real estate sector demonstrated robust growth in the third quarter of 2025, with total sales reaching AED 30.38 billion ($8.27 billion), marking a 31% increase compared to the same period last year, according to CRC Property’s Q3 2025 Market Report.
The office market was a standout performer, with sales totalling AED 3.1 billion across 1,153 units. This represents a staggering 93% year-on-year growth in value and a 45% increase in transaction volume, underscoring sustained demand from businesses and investors.
Business Bay maintained its position as the top district for office transactions with 328 deals, followed by Jumeirah Lakes Towers (JLT) with 277. Jumeirah Village Circle (JVC) and Majan also saw significant activity, recording 110 and 112 transactions, respectively.
“The Dubai office market remained exceptionally strong through Q3 2025, led by record demand for Grade A and ESG-compliant towers,” said Yogesh Yerikireddi, JLT area manager at CRC Property. “With vacancy at historic lows, fitted and vacant commercial offices for sale are seeing unprecedented investor interest. Limited premium supply, coupled with strong corporate relocations and expansion demand, continues to push rents and capital values upward across key free zones.”
This trend of tight supply and high rents in prime Dubai locations has spurred development in other emirates as well.
The off-plan commercial segment also showed healthy activity, contributing AED 2.4 billion ($650 million) from 1,101 deals. Office and retail developments accounted for AED 1.86 billion of this total, signalling strong investor belief in Dubai’s future commercial expansion and new commercial developments.
Dubai’s retail property market also experienced a significant resurgence, with transaction values hitting AED 1.15 billion—a 95% increase from the previous quarter and a 55% rise year-on-year. This rebound reflects renewed broader market confidence from investors and end-users.
Average selling prices for secondary offices have climbed to AED 1,685 per sq. ft, a 19% year-on-year increase and the highest level recorded in over a decade. Looking ahead, approximately 680,000 square meters of new office supply is expected by 2027, primarily in high-demand areas like Business Bay and Motor City, aiming to cater to the sustained influx of businesses.
