Business Bay, with 328 office transactions, and Jumeirah Lakes Towers (JLT), with 277 deals, were the top two key districts in Dubai, as the commercial property sector continued its strong momentum in the third quarter of 2025.
A report by CRC (Commercial Real Estate Consultants) said total sales reached AED30.38 billion (US$8.27 billion), a 31 per cent increase compared to the same period last year.
Majan and Jumeirah Village Circle (JVC) recorded 112 and 110 transactions respectively, while Barsha Heights (Tecom) completed the top five with 71 deals.
Behnam Bargh, Managing Director, CRC, commented: “Dubai’s commercial real estate market remained strong in Q3 2025, with transaction volumes up 19 per cent quarter-on-quarter and 22 per cent year-on-year, even as total value softened slightly by 2 per cent this quarter.
“Business Bay and Jumeirah Lakes Towers remained the top-performing districts, while new off-plan projects launched within the quarter, such as Lumena Alta and HQ by Rove, are redefining what modern, premium offices can offer.
“Demand is broadening, with investors and end-users alike drawn to high-quality, well-located assets that support both growth and long-term income potential.”
The city’s office market, in particular, emerged as a key growth driver, demonstrating both rising transaction volumes and values across multiple districts.
Total office sales in Q3 hit AED3.1 billion across 1,153 units, reflecting an 18 per cent increase from the previous quarter and a 93 per cent year-on-year growth. Volume growth was equally notable, with the number of transactions rising 19 per cent quarter-on-quarter and 45 per cent year-on-year, highlighting strong investor confidence and sustained demand from businesses seeking prime locations.
Yogesh Yerikireddi, JLT Area Manager at CRC Property, said: “The Dubai office market remained exceptionally strong through Q3 2025, led by record demand for Grade A and ESG-compliant towers. With vacancy at historic lows, fitted and vacant commercial offices for sale are seeing unprecedented investor interest. Limited premium supply, coupled with strong corporate relocations and expansion demand, continues to push rents and capital values upward across key free zones.”
Off-plan market on the up in Dubai
The off-plan market also saw sustained activity, with total transactions valued at AED2.4 billion (US$650 million) across 1,101 deals in Q3. Of this, office and retail developments accounted for AED1.86 billion (US$510 million) through 640 transactions.
Looking ahead, Dubai’s office market is set for further growth, with approximately 680,000 square meters of new supply expected by 2027. Key areas such as Business Bay and Motor City are set to benefit from this pipeline, which promises to meet rising demand in high-transaction districts.
Retail segment rebounds
The retail real estate market experienced a strong resurgence in Q3 2025, with total transaction value reaching AED1.15 billion (US$310 million) across 437 deals. This represents a 95 per cent increase quarter-on-quarter (QoQ) and a 55 per cent year-on-year (YoY) rise.
Transaction volumes mirrored this growth, climbing 88 per cent QoQ and 37 per cent YoY, marking the strongest quarterly performance since 2022. The rebound comes after a softer Q2 and reflects renewed confidence from both investors and end-users.
