Estattor.com

Tag: Dubai commercial property

  • Al Habtoor Group Launches Dh5 Billion Commercial Tower in Dubai

    Al Habtoor Group Launches Dh5 Billion Commercial Tower in Dubai

    Al Habtoor Group has unveiled plans for a new commercial tower at Al Habtoor City on Sheikh Zayed Road, with an estimated investment value of Dh5 billion ($1.36 billion). The announcement, made on April 9, 2026, represents the first in a series of developments the group will launch across Dubai and Abu Dhabi.

    “Our decision to move forward with this investment reflects our deep confidence in the UAE, and in Dubai in particular,” said Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group.

    “We are fortunate to live and invest in a country that enjoys security, stability, and a strong, resilient economy. These are the foundations that guide our investment decisions. The UAE continues to provide an environment where businesses can grow, investments can flourish, and people can live with confidence and peace of mind.”

    The development comes as Dubai continues to demonstrate strong economic performance, supported by visionary leadership, advanced infrastructure, and a business environment ranked among the most competitive globally. Recent data shows property transactions rebounding significantly following seasonal holidays, reflecting sustained market momentum.

    Al Habtoor Group’s latest investment reflects its ongoing commitment to contributing to the emirate’s economic development and strengthening Dubai’s position as a global hub for business and investment. The conglomerate has played a key role in Dubai’s growth for more than five decades, delivering landmark developments across multiple sectors.

    The announcement aligns with broader trends in Dubai’s commercial property market, where prices have risen substantially despite regional challenges, demonstrating investor confidence in the emirate’s long-term prospects.

    This new investment continues Al Habtoor Group’s legacy, reinforcing the company’s belief in the UAE’s long-term future and its commitment to investing in projects that contribute to the nation’s continued success. The tower will add to the existing Al Habtoor City development, one of Sheikh Zayed Road’s prominent mixed-use destinations.

  • Dubai Commercial Property Prices Jump 28% Despite Regional Conflict

    Dubai Commercial Property Prices Jump 28% Despite Regional Conflict

    Dubai’s commercial property prices climbed 28% year-on-year during the period from February 28 to March 19, 2026, according to data released by Property Finder on April 2, 2026, demonstrating resilience in the emirate’s commercial real estate segment despite the start of regional conflict.

    Several communities recorded exceptional growth in per-square-meter prices, with Dubai Investment Park Second witnessing a 323% increase compared to the same period last year, while Al Safouh saw prices rise by 286%.

    Cherif Sleiman, Chief Revenue Officer at Property Finder, attributed the price growth to transactions concentrating at higher values.

    The primary segment continues to show relative strength compared to the overall market, with transactions up to 1.9% year-on-year across the same period (Feb 28 – March 19).

    Total real estate transactions between February 28 and March 19 stood at 8,549 compared to 10,404 in the same period last year, amounting to Dh28 billion ($7.62 billion) compared to Dh32.7 billion ($8.9 billion) the previous year. However, the commercial segment saw a 44.2% decline in transaction volumes year-on-year during this period.

    In the off-plan segment, primary transactions increased by 1.9% year-on-year despite lower overall volumes, with year-on-year transaction values up 15.9% during the same period. Prices in this segment saw a temporary adjustment of 5.2% compared to the previous two weeks.

    “Importantly, year-on-year transaction values from the same period are up 15.9%, despite lower volumes, indicating demand for premium properties. This points to buyers continuing to transact, but at higher-values, which indicates sustained market confidence,” Sleiman explained.

    The commercial segment’s performance aligns with broader market dynamics. Off-plan apartment sales climbed 12.9% in March 2026, while the market continues to demonstrate what industry leaders describe as structural resilience amid geopolitical uncertainty.

    Dubai’s commercial real estate sector recorded an impressive 77.9% growth in sales value and 35.1% increase in transaction volume in 2025, with office sales more than doubling to Dh131.1 billion, the strongest performance in more than a decade according to Cavendish Maxwell.

    Property Finder noted that buyer inquiries have remained fairly stable in recent weeks, with only a slight dip as purchasers adopt a more measured approach rather than withdrawing from the market entirely. The data suggests that confidence in Dubai’s commercial property fundamentals remains intact, with investors continuing to commit capital at premium pricing levels despite the regional security situation.