Dubai office boom drives commercial real estate growth; transaction value triples in H1 2026
Dubai’s commercial real estate market remained resilient in H1 2026, with transaction value rising 8.5% to AED 65.23 billion. Offices led growth, driven by strong Grade A demand and limited supply, while retail also gained momentum. Investors increasingly favored income-generating assets over land, supporting a positive outlook despite geopolitical tensions and Q2 moderation.
Dubai's commercial real estate market continued to thrive in the first half of 2026, with office properties leading the growth. The transaction value for commercial properties surged 8.5% year-on-year to AED 65.23 billion. Overall, the number of transactions increased nearly 13% to 6,487 deals, while office transaction volumes surged 38.2% to 2,571 deals. Office transaction values climbed nearly 200% to AED 15.81 billion.
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