Business Bay, JLT lead 31% increase in Dubai commercial property sales
Business Bay and Jumeirah Lakes Towers (JLT) led Dubai’s commercial real estate market in the third quarter of 2025, recording 328 and 277 office transactions respectively. The latest data highlights continued strength in the emirate’s business property sector.
According to a report by CRC (Commercial Real Estate Consultants), total sales reached AED30.38 billion (US$8.27 billion) — a 31% increase compared to the same period last year.
Other key districts also performed strongly, with Majan registering 112 transactions and Jumeirah Village Circle (JVC) following closely with 110. Barsha Heights (Tecom) rounded out the top five, achieving 71 deals during the quarter.
Sustained Momentum in Dubai’s Office Market
Behnam Bargh, Managing Director of 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.”
Dubai’s office segment continued to act as a key driver of growth, showing both higher transaction volumes and rising property values across major business zones.
In Q3, total office sales reached AED3.1 billion across 1,153 units, representing an 18% increase from the previous quarter and a 93% year-on-year rise. The number of transactions also grew by 19% quarter-on-quarter and 45% annually, reflecting robust investor confidence and steady demand from expanding companies.
Premium Offices in Demand
Yogesh Yerikireddi, JLT Area Manager at CRC Property, noted:
“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 Gains Further Traction
The off-plan commercial sector also maintained strong momentum, with AED2.4 billion (US$650 million) in total transactions across 1,101 deals during Q3. Of this, office and retail projects accounted for AED1.86 billion (US$510 million) through 640 transactions.
Looking ahead, Dubai’s office market is projected to expand further, with around 680,000 square metres of new space expected to be delivered by 2027. Emerging hubs like Business Bay and Motor City are poised to benefit most from this upcoming supply, which will help meet increasing demand in high-activity districts.
Retail Market Rebounds Strongly
Dubai’s retail real estate segment also posted a strong comeback in the third quarter of 2025. Total transaction value hit AED1.15 billion (US$310 million) across 437 deals, marking a 95% quarter-on-quarter and 55% year-on-year increase.
Transaction volumes followed a similar pattern, climbing 88% QoQ and 37% YoY — the best quarterly performance since 2022. This surge follows a slower Q2 and signals renewed confidence from both investors and end-users in Dubai’s thriving retail landscape.
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