Based on the results for the first half of 2025, we may say that the office estate market in Dubai has demonstrated rising rental rates along with the burgeoning volume of closed deals - both in office space lease and purchase segments.

The weighted average rent on lease agreements during the period under review was at the level of 203 AED/sq ft/year (590 USD/sq m/year), up 15% year-on-year. Yet in the top-quality facilities the rental rates could reach 700 AED/sq ft/year (2,034 USD/sq m/year).

The total office space purchased in projects under construction has increased almost by an order of magnitude (10 times), which can be explained by the launch of sales in new office projects at the end of 2024 - first half of 2025. The plan calls for the commissioning of over 7.5 million square feet (700,000 sq m) of new office space until 2029. The market development is also accompanied by the territorial expansion of business clusters.