Morgan’s International Realty’s Q4 2025 Commercial Report in Dubai provides an in-depth analysis of Dubai’s commercial market, revealing AED 43.41 billion in transactions, accelerating sales momentum, record-value office deals and sustained leasing activity, set against a backdrop of tightening Grade A supply. This comprehensive report highlights the communities leading transaction volumes, pricing benchmarks across asset classes, investor preferences between primary and secondary markets, and the structural trends reinforcing Dubai’s position as a global commercial real estate hub.

Key Takeaways in Commercial Market in Dubai during Q4 2025

  • How did Dubai’s commercial real estate perform in Q4 2025:Dubai’s commercial market recorded 3,203 transactions with a total value of AED 43.41 billion, representing a 10% quarter-on-quarter increase in transactions and a 48% surge in transaction value compared to Q3 2025.
  • Which areas performed best this quarter:Business Bay led Dubai’s commercial market with 590 transactions valued at AED 3.15 billion, followed by Jumeirah Lake Towers (313 transactions, AED 840 million) and Jumeirah Village Circle (276 transactions, AED 1.80 billion).
  • What trends define Dubai’s commercial property segment right now:The office sector dominates activity, accounting for 1,539 transactions and approximately 48% of market share. Land transactions represented 21%, while retail accounted for 16%. Average pricing reached AED 2,217 per sq. ft for offices and AED 2,920 per sq. ft for retail.
  • What are investors paying for prime commercial locations:Prime office pricing reached AED 10,466 per sq. ft on Palm Jumeirah, AED 10,005 per sq. ft in Dubai Harbour, and AED 6,503 per sq. ft along Dubai Water Canal.
  • Is there enough new supply to meet demand:Dubai has 7,438 commercial units under development across 610 projects, with upcoming supply dominated by retail (55%) and office (41%) assets.

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