Dubai's office market remains the most resilient segment of the Emirate's real estate: a shortage of quality space, low vacancy rates and the predominance of long-term lease agreements have sustained its strength even amid the regional uncertainty at the beginning of the year.

Tenant activity has temporarily declined, while limited supply is withholding the market from any significant correction in rental rates. Tenant rotation is widening the choice available to end users, and part of the demand is shifting toward emerging business districts.

The off-plan office market, which has become the key driver of purchasing activity, continued to grow: over the past 12 months, the weighted average purchase price in off-plan projects rose by almost 78% — largely driven by premium-quality projects entering the market in central locations.

Summer is becoming a time of opportunity: end users now face a wider choice of space, while investors are gaining entry terms that were previously unavailable.