Business Bay, JLT Lead 31% Increase in Dubai Commercial Property Sales
In recent months, the Dubai commercial property sector has witnessed impressive growth, with Business Bay and Jumeirah Lakes Towers (JLT) at the forefront, marking a remarkable 31% increase in sales. This surge not only highlights the resilience of the market but also underscores the appeal of prime real estate in these vibrant districts.
Business Bay, with 328 office transactions, and JLT, with 277 deals, emerged as the top two districts in Dubai, as the commercial property sector continued its strong momentum in the third quarter of 2025.
A report by CRC (Commercial Real Estate Consultants) revealed that total sales reached AED30.38 billion (US$8.27 billion), reflecting a 31% increase compared to the same period last year.
Additionally, Majan and Jumeirah Village Circle (JVC) registered 112 and 110 transactions respectively, while Barsha Heights (Tecom) rounded out the top five with 71 deals.
Behnam Bargh, Managing Director of CRC, commented: “Dubai’s commercial real estate market remained strong in Q3 2025, with transaction volumes up 19% quarter-on-quarter and 22% year-on-year, even as total value softened slightly by 2% this quarter.”
He further stated, “Business Bay and Jumeirah Lakes Towers remained the top-performing districts, while new off-plan projects launched within the quarter, such as Lumena Alta and HQ by Rove, are redefining what modern, premium offices can offer.”
Bargh pointed out that “demand is broadening, with investors and end-users alike drawn to high-quality, well-located assets that support both growth and long-term income potential.”
Growth in Office Transactions
The city’s office market, in particular, emerged as a key growth driver, showcasing both rising transaction volumes and values across various districts. Total office sales in Q3 hit AED3.1 billion across 1,153 units, indicating an 18% increase from the previous quarter and a staggering 93% year-on-year growth. Volume growth was equally notable, with the number of transactions rising 19% quarter-on-quarter and 45% year-on-year, reflecting strong investor confidence and sustained demand from businesses seeking prime locations.
Yogesh Yerikireddi, JLT Area Manager at CRC Property, highlighted the exceptional strength of the Dubai office market through Q3 2025, emphasizing record demand for Grade A and ESG-compliant towers. “With vacancy at historic lows, fitted and vacant commercial offices for sale are seeing unprecedented investor interest. Limited premium supply, coupled with strong corporate relocations and expansion demand, continues to push rents and capital values upward across key free zones,” he said.
Off-Plan Market on the Rise
The off-plan market also experienced sustained activity, with total transactions valued at AED2.4 billion (US$650 million) across 1,101 deals in Q3. Within this segment, office and retail developments accounted for AED1.86 billion (US$510 million) through 640 transactions. This positive trend reinforces the growth trajectory of Business Bay and JLT, as these areas adapt to rising demand and emerging market needs.
Looking ahead, Dubai’s office market is poised for further growth, with approximately 680,000 square meters of new supply expected by 2027. Key areas such as Business Bay and Motor City are set to benefit from this development pipeline, which aims to meet the rising demand in high-transaction districts.
Retail Market Recovery
The retail real estate market has also shown signs of a strong comeback in Q3 2025, with total transaction value reaching AED1.15 billion (US$310 million) across 437 deals. This marks a 95% increase quarter-on-quarter (QoQ) and a 55% rise year-on-year (YoY).
Transaction volumes followed this upward trend, climbing 88% QoQ and 37% YoY, marking the strongest quarterly performance since 2022. This resurgence comes in the wake of a softer Q2 and reflects renewed confidence from both investors and end-users.