AED 4.3 billion worth of sales across 1,100 transactions in Q3 2026

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Office sales prices in Dubai climbed to an average AED2,005 per square foot in Q3 2026 – an increase of nearly 9% compared to the same period last year, according to leading real…

Dubai, UAE – Office sales prices in Dubai climbed to an average AED2,005 per square foot in Q3 2026 – an increase of nearly 9% compared to the same period last year, according to leading real estate advisory and property consultancy, Cavendish Maxwell.

Investors spent AED 4.3 billion across 1,100 office transactions from July to September this year, with Downtown Jebel Ali emerging as Dubai’s top location for sales activity, the company said.

Sales values were up almost 40% on Q3 2025 but down 42% against Q2. The number of Q3 transactions was 11.5% higher than in Q2, but down 3.6% year-on-year, according to Cavendish Maxwell’s latest analysis of Dubai’s office real estate performance.

The quarterly decline in transaction values is largely the result of fewer high-value sales: more than 200 office deals worth AED10 million or more were recorded in Q2, compared with around 80 in Q3, Cavendish Maxwell added.

Off-plan sales took the majority market share in Q3 2026, with around 700 transactions representing 63% of all sales. A year ago, ready office transactions accounted for nearly 66% of sales, highlighting how an increase in new launches has significantly changed the composition of office purchase activity.

While sales prices and rental rates increased year-on-year, both eased marginally for the second consecutive quarter, indicating a market moderation after strong in 2024 and 2025.

Vidhi Shah MRICS, Director, Head of Commercial Valuation at Cavendish Maxwell, said: “Dubai’s office market demonstrated a mixed performance in Q3 2026, with transaction volumes showing signs of recovery following a subdued Q2, but still below the elevated levels recorded earlier in the year. Meanwhile, price and rental growth are moderating, signalling a period of market normalisation following sustained growth in recent quarters.

Some 44,100 square metres of new office space was delivered in Q3, bringing total deliveries since January to 136,400 sq m and Dubai’s total office stock to more…

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