Dubai office rents stabilise as luxury off‑plan market hits record

The Dubai office market showed resilience in the second quarter of 2026, with Grade A demand keeping rent levels steady. Leasing activity rose 4 % year‑on‑year, driven mainly by a surge in demand for smaller, high‑quality units, while larger‑space requirements were delayed rather than cancelled, indicating cautious but ongoing expansion plans.

In the residential sector, off‑plan sales surged, accounting for 71 % of the 87,800 transactions valued at AED 291.7 billion in the first half of 2026. Average property prices rose 9 %, and 296 homes priced above $10 million generated $5.1 billion in sales, a new record. The pipeline includes over 31,000 units slated for delivery by 2030, supporting continued growth as Dubai welcomed roughly 121,000 new residents during the period.

Together, these trends underscore strong investor confidence in Dubai’s commercial and luxury housing markets despite broader economic uncertainties.