Tag: off-plan office sales

  • Dubai Off-Plan Office Sales Hit Record $817 Million in April

    Dubai Off-Plan Office Sales Hit Record $817 Million in April

    The emirate’s office segment has maintained exceptional momentum throughout 2026, with April’s performance representing a sharp rebound from March’s AED1.3 billion and surpassing February’s previous peak of AED2.7 billion.

    Dubai’s office market recorded 318 off-plan office transactions in April, up from 182 in March, and compared with 355 in February and 414 in January, demonstrating sustained investor appetite for commercial property assets.

    Business Bay dominates commercial investment activity

    Business Bay emerged as the dominant commercial hub in April, generating approximately AED2.8 billion in off-plan office sales across 158 transactions, reinforcing its status as Dubai’s premier office investment destination. The district’s performance accounted for more than 90% of total off-plan office sales value during the month.

    Total off-plan office sales in Dubai reached AED9.4 billion during the first four months of 2026 across 1,269 transactions, representing a 104% increase compared to the full-year 2025 total of AED4.6 billion. Transaction volumes between January and April already represent approximately 90% of the 1,412 deals recorded throughout 2025.

    Ready office segment shows steady growth

    The ready office market also demonstrated resilience, with sales totaling AED296.3 million in April from 106 transactions, compared with AED234.5 million across 84 deals in March. Earlier in the year, February recorded AED695.1 million from 265 transactions, while January saw AED861.9 million from 265 deals.

    The surge in office sales aligns with broader market strength across Dubai’s property sector. Dubai’s real estate market recorded Dh48 billion in total transactions in April 2026, marking an increase of over 20% compared to March.

    The commercial property boom reflects sustained corporate expansion and investor confidence in Dubai’s economic fundamentals. Office prices jumped 29% year-on-year in prime locations during 2025, driven by limited Grade-A supply and strong demand from global corporations establishing regional headquarters in the emirate.

    April also witnessed the highest monthly value of off-plan residential apartment sales in 2026, reaching AED19.7 billion from 8,812 transactions, further demonstrating the breadth of activity across Dubai’s property market.

    The record-breaking performance in the office segment underscores Dubai’s expanding role as a global business hub, with corporate occupiers and institutional investors continuing to commit capital to commercial real estate despite broader regional uncertainty. The sustained transaction volumes and escalating values signal confidence in the emirate’s long-term economic trajectory and commercial property fundamentals.

  • Dubai Office Market Values Surge to Dh13.1 Billion in 2025

    Dubai Office Market Values Surge to Dh13.1 Billion in 2025

    Dubai’s office sales value surged by 102% compared to 2024, reaching Dh13.1 billion in 2025, marking the strongest performance in more than a decade, according to a report published Monday by Cavendish Maxwell. Transaction volumes increased by more than 53% to reach 4,600 deals last year.

    The top five areas by transactional volume were 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 with 92 transactions.

    Dubai’s business ecosystem expanded significantly in 2025, 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 Segment Drives Market Momentum

    Off-plan activity jumped dramatically in 2025, with almost 700% growth in sales compared to 2024, fuelled by tight supply of ready premises and attractive prices and payment plans that enabled investors to enter the market. The off-plan segment accounted for 35% 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.

    “With high quality office stock still severely constrained, buyers will be looking for viable entry points to the market through new off-plan premises,” said Vidhi Shah, head of commercial valuation at Cavendish Maxwell.

    Price Appreciation Driven by Demand

    Strong interest from both occupiers and investors drove Dubai’s office sales prices up 25.9% in 2025, reaching Dh1,951 per square foot. Rising rents and reduced landlord incentives prompted some tenants to buy rather than lease, while investors participated aggressively in the market.

    Office rental rates increased by 22.9% year-on-year across the city, as occupancy levels tightened and landlord incentives reduced. The heightened demand, coupled with limited inventory in prime locations, intensified competition and fuelled price appreciation.

    The property consultant expects similar patterns in 2026 as off-plan sales continue to see high demand, positioning Dubai’s commercial real estate sector for sustained growth amid the emirate’s expanding economic landscape. The market’s performance reflects broader property market strength as business activity accelerates across the emirate.