Dubai's Office Market Values Surged To Dhs13.1 Billion, Highest In 11 Years

2026-02-23 02:19:36

(MENAFN- Khaleej Times) Dubai's office sales value more than doubled to Dh13.1 billion in 2025, the strongest performance in more than a decade, according to a report by a leading real estate and property consultant.

The report, published on Monday by Cavendish Maxwell, said office sales values surged by 102% compared to 2024, while transaction volumes rose more than 53% to reach 4,600 last year.

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The top five areas that saw the greatest transactional volume are Business Bay, with 1,230 transactions, Jumeirah Lakes Towers with 1,067, Barsha Heights with 267, Dubai Silicon Oasis with 147, and Dubai Investments Park, which got 92 transactions.

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Dubai's business ecosystem expanded significantly, with the Dubai Chamber of Commerce registering 71,830 new member companies, pushing total active membership to 292,486, a 13.2% increase year-on-year.

Off-plan demands

Off-plan activity jumped in 2025, with almost 700 per cent growth in sales compared to 2024, which the company said was fuelled by a tight supply of ready premises and attractive prices and payment plans that enabled investors to enter the market. The off-plan segment amounted to 35 per cent of all sales in 2025, with 1,400 transactions.

Total off-plan sales values grew almost six-fold to Dh4.6 billion in 2025 compared to Dh700 million the year before.

The property consultant expects to see similar patterns this year as off-plan sales continue to see high demand, said Vidhi Shah, the head of commercial valuation.“With high quality office stock still severely constrained, buyers will be looking for viable entry points to the market through new off-plan premises,” she said.

Price increase

Because of a strong interest from both occupiers and investors, Dubai's office sales prices surged 25.9 per cent in 2025, reaching Dh1,951 per sq. ft. Rising rents and reduced landlord incentives have prompted some inhabitants to buy rather than lease, and investors have participated in the market aggressively, as per the report. Because of this heightened demand, coupled with limited inventory in prime locations, has intensified competition, in turn fuelling price appreciation.

At the same time, office rental rates increased by 22.9 per cent year-on-year across the city, as occupancy levels tightened and landlord incentives reduced.