Luxury Offices in Dubai: A Growing Trend

Dubai's luxury office market is booming, mirroring the strong demand seen in high-end residential properties. Sales of office properties priced at Dh10 million and above surged by an impressive 207% in the first half of 2025, reaching 83 deals compared to 27 in the same period of 2024, according to Knight Frank. Downtown Dubai leads the market with average prices exceeding Dh5,000 per square foot, significantly outpacing other submarkets. Business Bay follows as the second most expensive, experiencing a 21.2% growth since 2020, with average prices surpassing Dh2,000 psf.

Off-plan sales are also on the rise, particularly in Business Bay, indicating strong investor confidence. This submarket is expected to deliver over 1.3 million square feet of office space through this model. The technology and trading systems sector is a major driver of demand, alongside financial, real estate, and business consulting firms. Developers are responding to this demand, with an additional 25.2 million square feet of office space expected by 2030, bringing the total office stock to nearly 148 million square feet.

Office rental rates are also increasing. The Dubai International Financial Centre (DIFC) remains the most expensive location, with fitted offices averaging Dh400 psf. Other submarkets showing strong performance include The Greens (Dh260 psf), Dubai Design District (Dh280 psf), and Business Bay (Dh251 psf).

DIFC experienced its busiest first half for new company registrations since its opening, with 1,081 new registrations between January and June, bringing the total number of active companies to 7,700. Large corporations are leveraging new developments to consolidate regional operations into modern headquarters, driving demand for entire floors or buildings in hubs like DIFC and Business Bay.