Strong demand for office space in Dubai

“Cavindish Maxwell”, which specializes in real estate consulting, revealed the addition of about 84 thousand square meters of the total rental area of ​​the office to the offices market in Dubai, during the year 2024, through major sites such as “Sheikh Zayed Road”, “Dubai Silicon Oasis” and “Dubai Media City”.

The company emphasized that despite this expansion, it is expected that the demand for office space in Dubai will remain strong, driven by the limited supply of the main sites, the expansion of existing companies, the flow of startups and multinationals, and the continued growth of business.

The company expected in a study that “Emirates Today” obtained a copy of it, that the market entered between 185 thousand square meters and an additional 230 thousand square meters of the total rental office area in 2025 and 2026, respectively, with the classification of the majority of it as the first -class office space.

The company said: «With the continued strong economic growth in Dubai, it is expected that the demand for office real estate is expected to accelerate, driven by the expansion of existing companies, the flow of new and medium -sized companies, startups, multinational companies, continuous foreign investment, and the growth of the city as a global business center.”

And she continued: “The year 2024 witnessed one of the most powerful office sales of office in recent years, and this momentum is expected to continue during the year 2025,” it is likely that the sales market will remain strong, supported by the increasing interest of investors and companies, in addition to Dubai’s attractiveness as a leading business destination.

The company emphasized that the offices market in Dubai witnessed a remarkable growth in both sales and rental prices in 2024, driven by the expansion of business and international investment, and this growth enhances Dubai’s position as a global center for the expansion of new companies and commercial projects.

She added, “With new offers enter the market in 2025 and 2026, it will be necessary to monitor its effects on market dynamics and business strategies.”

She explained that if the prices continue to rise in 2025, the sale activity on the map may witness a boom, as companies may seek to secure office space in the long term to avoid possible altitudes in rental costs or a lack of supply in the future. The quality of the new projects will also play a major role in shaping this trend.

And she continued: «With the high occupancy rates and the continued pressure on the demand, it is expected that the prices of office rents in Dubai will increase more, as category A offices witness the highest demand. However, it is also expected that the upward pressure of rental prices in the offices of the two categories (B) and (C), as some companies may resort to more options at reasonable prices.

In its study, the company saw that Dubai has emerged as a leading global center for trade and investment, driven by strategic initiatives and advisory policies, at a time when the city’s commitment to economic diversification and innovation is enhanced. As a result, Dubai’s economy maintained strong growth, as GDP grew 3.1% in the first nine months of 2024 to reach 339.4 billion dirhams.

She said: «Dubai’s remarkable economic growth is also reflected in 2024 in the performance of foreign direct investment, as Dubai ranked first in the world in new foreign direct investment projects, by 1117 projects in 2024, to enhance these achievements its continuous attractiveness for investors and companies, which enhances its position as a prominent global destination in foreign direct investment.

. Cavindish Maxwell expects an additional 185 thousand square meters and 230 thousand square meters of rental office spaces in 2025 and 2026.

. The company expects a “boom” in the sale activity on the map, in the event that companies seek to secure office space in the long run, to avoid high rental costs or deficiency supply.