Dubai’s commercial real estate sector continued its strong upward trajectory in the third quarter of 2025, driven by robust demand for Grade A office space, surging off-plan activity and a sharp rebound in the retail property market.
The momentum closely aligns with recent findings from CBRE and Knight Frank, both of which noted that Dubai’s office vacancy rates are now at their lowest level in over a decade, particularly for premium towers in free zones, as multinational firms continue to relocate or expand their Middle East headquarters in the UAE.
Alongside offices, Dubai’s off-plan commercial market continues to expand. Off-plan transactions reached Dh2.4 billion across 1,101 deals during Q3, of which office and retail projects accounted for Dh1.86 billion over 640 sales. This sustained appetite reflects growing confidence in ongoing master-plan developments, as developers respond to shifting corporate needs, including flexible workspaces, sustainability certifications, digital infrastructure and transit-linked business districts. The pipeline is set to widen further, with an estimated 680,000 square metres of new office supply expected by 2027, according to industry data.
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