Dubai’s office real estate market continues to demonstrate steady growth. In Q1 2025, rental rates continued to rise, particularly in the emirate’s key business districts. This was accompanied by an increase in the number of new lease agreements.

Dubai's status as a leading financial center of the GCC countries will contribute to sustainable demand for office space and stimulate the development of business and urban infrastructure.

In the short term, vacancy rates are expected to decline further, which will be a key driver of rental growth. New high-quality projects are scheduled to come on stream in 2027 at the earliest, but construction volumes will be limited and will probably not be able to fully meet the demand in the market.