Dubai Office Market Review - H1 2025

• Demand for office space reached new highs as existing companies consolidated their office footprint across the city while there was a simultaneous y/y increase in the number of new companies entering the market.
• Grade A office stock across the city is 95% occupied, while Grade B and C assets average around 90%, resulting in a robust citywide occupancy rate of 92%.
• A clear flight-to-quality trend is evident, with occupiers increasingly favouring Grade A, ESG-compliant buildings.
• However, the current market dynamics have led average citywide office rents to reach AED 190/sq. ft. marking a 22% y/y increase.

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