Dubai Commercial Real Estate Market Report 2024

Key Findings at a Glance

Here are some standout trends from the report:

• Strong Sectoral Growth: Despite a slight decline in overall sales transactions, sectors like retail, offices, and land demonstrated robust demand.

• High Occupancy Rates: Prime districts like DIFC, Downtown Dubai, and Business Bay achieved occupancy rates of 95-97%, pushing rents higher and fueling development.

• Growing Demand: Over 24,000 new businesses were registered in H1 2024 alone, highlighting the sustained need for commercial spaces to accommodate Dubai’s economic growth.

• Rising Prices: Double-digit rental and sales price increases across offices, retail, and warehouses underscore the market's strength and limited supply of high-quality assets.

What the Report Covers

Our comprehensive report delves into every aspect of Dubai’s commercial property market, including:

• Sales Transactions: Sector performance, price trends, and growth hotspots across office, retail, and industrial spaces.

• Rental Market Dynamics: Rising rents, occupancy trends, and demand for flexible, modern commercial properties.

• Key Communities: Insights into top-performing areas like Business Bay, JLT, DIFC, and more.

• Market Drivers: The impact of economic growth, population expansion, and new business registrations.

• Outlook for 2025: Expert predictions for the year ahead, including potential developments and market shifts.

Download the Full Report

Stay ahead of the curve with our in-depth analysis and exclusive insights. Download the Engel & Völkers Dubai Commercial Real Estate Market Report 2024 now to explore the trends and opportunities that define this thriving market.