Dubai’s commercial property market recorded AED 37.9 billion (USD 10.3 billion) in sales during Q1 2026, up 30% year-on-year, despite a modest 3% dip in transaction volumes. The numbers point to a market increasingly driven by asset quality and pricing power rather than sheer deal count.
According to CRC, Dubai is entering a phase of “strategic maturation”, where investors are prioritising premium offices, logistics space, and high-performing retail assets.
The office segment led growth, with sales values surging 73% quarter-on-quarter to AED 8.2 billion. Secondary office prices also crossed AED 2,000 per sq ft for the first time, underlining demand for core business locations such as Business Bay and Jumeirah Lake Towers.
Retail sales values jumped 162% year-on-year, while warehouse demand rose sharply amid continued logistics expansion.
With Dubai’s D33 agenda and FDI inflows supporting growth, commercial real estate is increasingly tracking the emirate’s broader economic rise.
Gulf Economist Staff Writer