According to a recent report, Dubai’s office market demonstrated robust performance in the second half of 2024, with average lease rates across key submarkets rising by 9.1%. Notably, the Trade Center area recorded the highest rental growth at 96%.
The report recorded 1.28 million square feet of new office space demand during 2024, representing a 64% increase compared to 2023.
Business services and real estate sectors each accounted for 23% of total requirements, while banking and finance contributed 20%, collectively amounting to 843,111 square feet of new demand.
