The Dubai commercial real estate sector recorded sales of AED30.38 billion in Q3 2025, marking a 31 per cent increase compared to the same period in 2024, according to CRC Property’s Q3 2025 Market Report.
The office market drove growth, with total sales reaching AED3.1 billion across 1,153 units. This represented an 18 per cent increase from the previous quarter and a 93 per cent year-on-year rise. Transaction volumes grew 19 per cent quarter-on-quarter and 45 per cent year-on-year.
“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,” Yogesh Yerikireddi, JLT Area Manager at CRC Property said in the report.
Business Bay leads Dubai office transactions with 328 deals in Q3 2025
Business Bay recorded 328 office transactions during the quarter, whilst Jumeirah Lakes Towers logged 277 deals. Majan and Jumeirah Village Circle completed 112 and 110 transactions respectively. Barsha Heights (Tecom) rounded out the top five districts with 71 deals.
The off-plan market generated AED2.4 billion (USD 650 million) across 1,101 transactions in Q3. Office and retail developments accounted for AED1.86 billion through 640 transactions.
Dubai’s office market pipeline includes approximately 680,000 square metres of new supply expected by 2027. Business Bay and Motor City are set to benefit from this pipeline.
Dubai’s retail real estate market reached AED1.15 billion in transaction value across 437 deals in Q3 2025. This represented a 95 per cent increase quarter-on-quarter and a 55 per cent year-on-year rise.
Transaction volumes increased 88 per cent quarter-on-quarter and 37 per cent year-on-year, marking the strongest quarterly performance since 2022.
Dubai office market vacancy hits historic lows as demand soars in Q3 2025
At CRC, average selling prices for secondary offices reached AED1,685 per square foot in Q3 2025, marking a 19 per cent increase year-on-year and the highest levels in over a decade.
Buyer activity across the commercial sector showed leads up 47 per cent year-on-year, whilst quarter-on-quarter leads declined 18 per cent.
The office segment continues to attract SMEs, business relocations, and end-users seeking ownership over leasing arrangements.
