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In the third quarter of 2025, the volume of transactions in the emirate's commercial real estate market amounted to AED 30.38 billion, or $8.27 billion, which is 31% higher than last year's figures, according to a report by CRC Property. The main driver of growth was high demand for office space, where sales volume increased by 93% compared to the previous year.
The office real estate market in Dubai is booming. During the quarter, 1,153 transactions were recorded, worth AED 3.1 billion, which is 18% more than in the previous period. The average price of secondary offices reached AED 1,685 per square foot, a record for the last decade. Investors actively purchased ready-built properties, preferring to buy rather than rent: the volume of off-plan property transactions amounted to AED 2.4 billion for 1,101 lots.
Business districts such as Business Bay (328 transactions), Jumeirah Lakes Towers (277), Majan (112), Jumeirah Village Circle (110), and Barsha Heights (71) led the way in terms of activity. Vacancy rates in premium Class A offices in these areas have reached their lowest levels, and demand is being fuelled by corporate relocations and the expansion of small businesses. “Dubai attracts global companies,” comments Yogesh Yerikireddi, JLT manager at CRC Property. “The shortage of modern towers with green standards is driving rental rates and capitalization.”
The activity of Russian investors is particularly noteworthy. According to Kalinka Ecosystem, their participation in the office segment doubled in the first half of 2025. Russians entered the top 5 buyers of commercial real estate, investing in 200,000 square meters in areas such as Downtown, DIFC, Business Bay, and Internet City. The average check was $1.5 million, and the rental yield reaches 8-10% per annum in dirhams without taxes. “Offices provide a stable currency income, unlike residential real estate, where profitability is declining,” notes Mikhail Bulanov, a partner at Tranio.
The key factors for success are the emirate's dynamic economy, strategic geographical location, and influx of new residents. Developers have announced 15 new projects that will add 700,000 square meters of office space by 2029. According to Knight Frank's forecasts, by 2030, the total office stock will grow to 138 million square feet.
Dubai's commercial real estate market is not just growing — it is gaining momentum, attracting businesses from all over the world. For Russians, this is an opportunity to diversify their investments amid global instability. As long as demand exceeds supply, prices will continue to rise, promising high returns for strategic investors.
