Average commercial property prices in Dubai

What distinguishes commercial real estate in Dubai?

While major countries around the world are experiencing economic recessions, especially after the Covid-19 pandemic, global supply chain disruptions, the outbreak of the Russia-Ukraine war, and the resulting fluctuations in energy and basic food prices, the Emirate of Dubai continues to attract investors from all over the world through its outstanding development programs. According to economic and real estate experts, Dubai is witnessing a golden era, progressing at a pace even greater and better than what was seen during the oil boom of the 1970s and 1980s.

Dubai is considered one of the safest markets in the world, with political stability and security enjoyed by the Emirate of Dubai, in addition to the high level of education, healthcare, and entertainment services, all by the grace of God Almighty.

Among the advantages of investing in Dubai is the emirate's keenness to attract entrepreneurs through residency visa programs that extend up to 10 years via investment in local businesses or real estate purchases.

According to the Chief Investment Officer at "Coutts," who recently moved to Dubai to work at "Dalma Capital," Dubai is outperforming any other city in attracting foreign investments. In 2022, commercial real estate including offices and shops recorded sales worth 4.5 billion dirhams across 3,034 transactions, compared to about 2.6 billion dirhams across 2,335 transactions in 2021.

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Average commercial property prices in Dubai

Below is a table showing the general average commercial property prices in Dubai in US dollars and UAE dirhams:

Office prices in Dubai

Office prices in Dubai have also flourished, similar to other types of real estate in the emirate. In this regard, major companies such as Goldman Sachs, JP Morgan, Societe Generale, and Bank of America have relocated hundreds of employees to Dubai, contributing to a 35% increase in office rents, according to the Head of Middle East Research at Knight Frank.

Prime office rents in Dubai saw a 24% increase during 2022.

Office sales rose from 1,850 transactions worth 2 billion dirhams in 2021, to 2,246 transactions worth 3.2 billion dirhams in 2022.

Regarding Dubai areas by number and value of office sales transactions, Business Bay ranked first in 2022, with 965 transactions worth 1.3 billion dirhams.

The Dubai office market has seen a surge in inquiries from the UK and Europe, as well as other international markets, according to a new report from commercial real estate experts "CORE," which states there is strong momentum among companies seeking to expand in Dubai due to its well-prepared and open business environment.

Robert Thomas, a representative at "CORE," said: "Additionally, Dubai is also witnessing an influx of many international companies relocating their employees and operations from Russia and Ukraine."

This trend is evident from the record number of licenses issued and a larger number of new "Ejari" registrations in the first quarter of 2022 (53% new registrations compared to 47% renewals).

Thomas adds that the services and technology sectors, especially fintech, continue to lead sectoral demand, particularly with the advanced regulations and frameworks for cryptocurrencies, making Dubai attractive to many companies related to these currencies.

The most in-demand areas for business setup are Dubai's office zones; according to figures, more than 480,000 square feet of total office space was delivered in the first quarter of 2022, bringing Dubai's total office space to 107 million square feet.

Main deliveries include two buildings in Park Heights Square in Dubai Hills by Emaar and the next phase of the Ithra Deira project by Ithra.

Areas that saw the highest year-on-year increase in average office rents include Sheikh Zayed Road (35%), One Central (29%), Business Bay, Jumeirah Lakes Towers (29%), and Downtown Dubai (16%). Old Dubai areas such as Bur Dubai, Deira, and Al Garhoud also witnessed notable rent increases.

Retail shop prices in Dubai

The retail shop market in Dubai witnessed remarkable growth during 2025, with momentum continuing into 2026. Hundreds of retail shop sales transactions were recorded, exceeding 1.1 billion UAE dirhams in Q3 2025, driven by rising demand for commercial spaces in key areas such as Business Bay and Jumeirah Lakes Towers. Retail shop prices in Dubai are expected to remain high in 2026, supported by a strong economy, retail sector expansion, and increasing interest from both local and international investors in commercial assets with stable returns.

Commercial land prices in Dubai

Market data indicates continued strong demand for land and projects with a commercial character in Dubai through 2026, especially in high-value central areas. Major deals recorded in the Burj Khalifa area are a clear indicator of this trend, as this area topped the list of the largest office space sales deals in Dubai in previous years, with deals exceeding 12,000 square feet and values reaching tens of millions of dirhams. This performance reflects the attractiveness of commercial land in Dubai as long-term investment assets, supported by location, institutional demand, and stable returns.

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Future commercial property price forecasts

Real estate sector experts predict that commercial property prices in Dubai will continue to rise in the coming years, supported by several strategic factors. Chief among them is the increasing interest of global wealthy individuals in investing in Dubai's real estate market, including Russian investors, whose purchases have seen a notable increase in recent periods, boosting demand for high-quality commercial assets.

These forecasts are also supported by the positive outlook for the UAE and Dubai economies, especially in light of long-term development plans aimed at doubling the volume of foreign trade and investments over the next decade, and transforming Dubai into one of the world's top four financial centers. These factors directly impact the performance of commercial real estate, as it is among the assets most closely linked to sustainable economic and investment growth.

Feasibility of investing in Dubai commercial real estate

Real estate experts and consultants at real estate investment companies in Dubai have always emphasized that the Emirate of Dubai enjoys a wide range of competitive advantages that support the growth of all sectors in the long term and reinforce the emirate's ability to overcome global economic challenges. Experts have identified several qualitative advantages that distinguish Dubai from other major cities worldwide, which directly benefit the real estate sector and enhance the sustainability of the prosperity witnessed by Dubai's real estate sector in general and commercial properties in particular, providing the market with more promising opportunities.

The most important factors of real estate investment in Dubai that indicate the feasibility of investing in Dubai commercial real estate include:

• Relatively high rental yields compared to major cities worldwide.
• Innovation in Dubai's commercial real estate projects and quality in execution and construction.
• New specialized facilities that construction companies and developers have begun to introduce to their real estate projects.
• Continuous and intensive development of infrastructure and services, which are among the best globally, along with safety, security, and a modern lifestyle.
• The granting of long-term visas—including those linked to real estate investment—plays an important role in increasing real estate investment in Dubai for foreigners and in attracting buyers of all nationalities.
• In addition to government policies that continue to enhance Dubai's investment and commercial attractiveness overall, attracting more businesspeople, experts, and companies.

Based on the above factors, we can say, according to experts, that the feasibility of investing in Dubai real estate is high, and the Dubai real estate market is able to withstand global recession concerns. The market may move toward greater stability in the medium term, with a future outlook indicating an acceleration of this trend. The strategic decisions taken by the Dubai government since 2019 aimed to achieve a balance between supply and increasing demand, in addition to the 2040 urban plan, which seeks to enhance market transparency by sharing transaction data, pushing Dubai's real estate market toward healthy and sustainable growth, and thus increasing investment volume in commercial real estate in Dubai.

Buy the best commercial property for you with Imtilak Global

With the growing and continuous demand for real estate in Dubai, especially commercial properties, Imtilak Global is ready to assist you in choosing the best commercial property that suits you. You can view all commercial real estate offers in Dubai, such as shops, offices, commercial land, and more, and benefit from the significant advantages provided by the government in the emirate. The company will also continue to support you until you achieve your goal of owning a property that matches your choice and aspirations for a successful investment horizon in the city of finance, business, and promising investment that many global investors seek.

For more details and information, or to request current offers, do not hesitate to contact Imtilak Global, your real estate advisor in Dubai.

Edited by: Imtilak Global©

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