Dubai ranks second in the world in terms of office occupancy - 92%. At the same time, market experts predict that it will exceed 94% by the end of 2025.
In 2024, demand for office space in Dubai will grow by 22% year-on-year. In 2025, this indicator is expected to grow by 10-12%.Due to the expansion of existing companies and the influx of new multinationals, demand is now far outstripping supply.
We are seeing an incredible surge in demand for office space in Dubai as more companies enter the market and existing tenants look to expand.Although supply in the Dubai commercial property market has increased this year, the majority of properties are already pre-let.Many clients are now taking a strategic approach - maximising their existing space or exploring new zones such as Dubai CommerCity and Expo City Dubai to meet their needs," - expert says
Incidentally, Dubai's commercial property market grew strongly in 2024, with notable increases in the office and industrial sectors.
Dubai's office market remained active in 2024, with demand outstripping supply for prime Grade A office space.Key business districts such as DIFC, Business Bay and Downtown were almost fully occupied, with DIFC reaching 96% by the end of the year. Developing districts such as Dubai South and Expo City gained momentum due to their accessibility, reduced traffic congestion and availability of space," experts said.
In particular, with record low rates for Grade A office space in prime locations such as the DIFC and the imminent addition of vacant units in emerging districts such as Dubai South and Expo City, the Dubai market is quickly adapting to meet sustained demand. Strong leasing activity, driven by the financial services and technology sectors, underlines Dubai's ability to adapt to the needs of international businesses while supporting sustainability initiatives.