fäm Properties has facilitated the sale of approximately 40,000 square feet of contiguous office space at Vision Tower in Business Bay for AED 124 million, in what the firm describes as the largest commercial office transaction of its kind recorded in Dubai.
The buyer is a UAE-based company that acquired the block as part of its expansion plans. The asset spans multiple floors in one of Business Bay’s established landmark towers, and fäm’s commercial team advised on both pricing and execution, drawing on Dubai Land Department transaction data to benchmark value across the district.
“The transaction reflects continued confidence among local businesses in Dubai’s commercial real estate market, with investors and occupiers maintaining their focus on established business- districts and institutional-quality assets. Demand for well-located, institutional-grade office space in Dubai has stayed consistent. Buyers active at this level are precise about location, building quality and tenant profile. Assets that meet that standard continue to move,” Firas Al Msaddi, CEO of fäm Properties said in a statement.
Daniel McCullagh, fäm’s Commercial Sales Manager, who led the transaction, said deals at this scale typically involve extended due diligence, multiple stakeholders and detailed commercial structuring.
Al Msaddi added that the deal reflects continued confidence among local businesses in Dubai’s commercial real estate market, with investors and occupiers maintaining their focus on established business districts and institutional-quality assets.
