Notable Growth in Office Sales and Off-Plan Projects
Reported by Al Khaleej Newspaper
Dubai’s commercial real estate market recorded a strong performance in the third quarter of 2025, with the total value of sales rising to AED 30.38 billion (USD 8.27 billion) — an increase of 31% compared to the same period last year, according to a recent report by CRC Commercial Real Estate.
The Business Bay and Jumeirah Lakes Towers (JLT) topped the list of the most active areas, registering 328 and 277 sales transactions respectively, reflecting the continued strong momentum in the emirate’s commercial property sector.
Other top-performing areas included Majan, Jumeirah Village Circle (JVC), and Barsha Heights, which recorded 112, 110, and 71 transactions respectively, placing them among the top five most active districts.
19% and 22% Increase in Transaction Volumes
According to Behnam Bagh, General Manager of CRC, “Dubai’s commercial real estate market remained robust during the third quarter, with transaction volumes increasing by 19% quarter-on-quarter and 22% year-on-year.” He added that “the total sales value declined slightly by 2% compared to the previous quarter.”
Office Market Leads the Growth
The report highlighted that the office segment was the main driver of growth, with office sales reaching AED 3.1 billion across 1,153 units, representing an 18% increase compared to Q2 and an impressive 93% annual jump.
Additionally, the number of transactions rose by 19% quarterly and 45% annually, demonstrating strong investor confidence and sustained demand from companies seeking premium locations.
Positive Performance for Off-Plan Projects
The off-plan commercial property market also maintained its positive momentum, with transactions worth AED 2.4 billion (USD 650 million) recorded through 1,101 deals, of which AED 1.86 billion (USD 510 million) were related to office and retail developments.
Retail Sector Records Sharp Recovery
The retail segment experienced a notable rebound, with total sales amounting to AED 1.15 billion (USD 310 million) across 437 transactions — a 95% increase compared to the previous quarter and a 55% rise year-on-year, marking the strongest quarterly performance since 2022.
Future Outlook
The report projected continued growth in Dubai’s office market over the coming years, with around 680,000 square meters of new space expected to be delivered by 2027, particularly in Business Bay and Motor City, to meet the growing demand for premium commercial assets in one of the world’s fastest-expanding real estate markets.