Commercial Real Estate

Office rents are surging—up 22% year-on-year in 2024, with a further 10–12% increase forecast through 2025

Some sources even report 25–45% YoY increases in Q1 2025 for Office and Warehouse rents, particularly in premium locations like DIFC, Downtown, and Business Bay

Office occupancy stands at 92%, expected to top 94% by year-end —one of the highest rates globally 

Demand continues to outstrip office supply, especially for Grade A spaces, prompting urgency among occupiers to secure space early 

Financial hubs like DIFC and Business Bay are seeing exceptionally strong demand, with rents rising up to 20% on renewals

Free zone synergies (e.g., business-friendly policies, 100% foreign ownership) are further boosting demand for commercial space in Dubai

The warehouse sector is also on the rise, with rents up ~41%, driven by e-commerce growth and logistics demand  

The market is increasingly seeing off-plan opportunities, offering rental yields (7%+) through pre-leased or flexible commercial units