Dubai continues to strengthen its position as an attractive center for investment and business. Analysis of the Dubai office real estate market based on the results of three quarters of 2024 shows a steady growth trend. For example, Q3 2024 saw a 26% increase in the number of transactions under new leases and a 21% year-on-year increase in the weighted average rental rate.
The increase in interest in office real estate in particular is due to the active development of the sector in response to the Emirate's strengthening position as a financial and business hub. The number of sales of office properties in the first nine months of 2024 also showed a positive trend, increasing by 8% compared to the same period in 2023. Combined with limited supply and rising rental rates, this creates favorable conditions for further development of office properties in Dubai's key business districts.