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Explore the latest trends shaping Dubai’s commercial property market, including office and retail sales, off-plan investment, secondary market activity, leasing performance and the outlook for Q4 2026.
The Q3 2026 Dubai Commercial Real Estate Market Report provides a detailed view of investment and leasing activity across the emirate, including office and retail performance, off-plan development, secondary sales and the locations attracting commercial demand. Download the report for the latest market data, Engel & Völkers insights and our outlook for Dubai’s commercial real estate market in the final quarter of 2026.
Dubai’s commercial real estate market remained active in Q3 2026, with sales volumes broadly stable compared with the previous quarter. Secondary transactions strengthened, while off-plan property continued to account for more than half of commercial sales.
Office and retail investment remained key areas of activity. Office transaction volumes were broadly unchanged year-on-year, but total sales value increased significantly, while retail sales value also rose despite lower transaction volumes. Demand continued to favour well-located assets with strong specifications, occupier appeal and long-term income potential.
Leasing activity also remained substantial across offices, retail, warehouses and other commercial property types. The full Q3 2026 Dubai Commercial Property Market Report explores these trends in more detail, alongside leading locations, pricing, off-plan development and the outlook for Q4.
Dubai recorded 2,829 commercial property sales during Q3 2026, with a combined value of approximately AED18.1 billion. Transaction volumes were broadly stable compared with Q2, while activity showed signs of strengthening again towards the end of the quarter.
Off-plan property accounted for 51.7% of commercial transactions in Q3 2026, marking the second consecutive quarter in which it represented more than half of sales. Investment continued across new office, retail and mixed-use developments in established and emerging commercial locations.
Yes. Secondary commercial transactions increased from 1,186 in Q2 to 1,366 in Q3, a rise of 15.2%. This helped offset lower off-plan transaction volumes during the quieter summer launch period.
Dubai recorded 1,124 office sales during Q3. Transaction volumes were broadly stable year-on-year, while total office sales value increased 41% to AED4.35 billion, reflecting continued investment in higher-value commercial assets.
Dubai recorded 356 retail property transactions during Q3. Although sales volumes were lower than a year earlier, total transaction value increased 7% to AED1.22 billion, with activity spread across a range of established and growing residential communities.
Dubai recorded 70,085 commercial rental transactions during Q3, including 47,056 new contracts and 23,029 renewals. Offices accounted for the majority of leasing activity, followed by retail and warehouse property.
The report covers commercial sales and leasing activity, off-plan and secondary transactions, office and retail performance, leading commercial locations, average prices, major off-plan projects and the outlook for Dubai commercial real estate in Q4 2026.
The report is designed for commercial property investors, business owners, occupiers, landlords, developers and real estate professionals looking for current data and analysis on Dubai’s office, retail and wider commercial property market.