Dubai office market hits new highs—rising rents, soaring prices, and premium deals with AX Premium Properties

Billions in sales, rising rents, and a changed skyline as Dubai's office sector reaches new heights.

Over the past five years, Dubai's office market has experienced an incredible journey, breaking records at every turn as it has grown from millions to billions. The city’s skyline has transformed, and Dubai has become one of the world’s most famous business hubs as steady growth turned into unstoppable expansion.

In 2024, office sales rose to almost AED 6.8 billion, reflecting a remarkable 36 percent rise compared to the previous year. Prices rose by around 24 percent, while rents climbed by 23.6 percent, reflecting the strong rise in demand. The rate of growth only increased further in 2025. More than 900 transactions totalling AED 2.8 billion in sales were made in the first quarter alone, representing an 83 percent increase in value over the same period in 2024.

With a 741 percent increase to AED 800 million, off-plan office deals emerged as a significant driver. Office sales in the market had already reached AED 5.4 billion by the middle of 2025, nearly doubling in value annually, while rents and prices had increased by more than 20% each.

Prime business districts are leading this surge. Downtown Dubai now owns more than AED 5,000 per square foot, while Business Bay has crossed AED 2,000. Big-ticket deals above AED 10 million more than tripled in the first half of 2025, showing strong demand for premium office spaces. Even with thousands of square meters of new supply being delivered this year, demand continues to exceed availability—pushing the market to new highs.

One of the most recognized and rapidly expanding real estate brokerages in Dubai, AX Premium Properties, was established in 2014. Over the years, the company has garnered numerous accolades, including the Top Broker Award for the first half of 2025 and the Top Seller award from Reportage Developer in 2024.

Nadeem Sufy's firm has earned a solid reputation for its commitment to transparency, a strong developer community, and tailored service. Clients from both local neighbourhoods and far-off cities are consistently attracted to this company, eager to partner with a business that prioritizes trust and innovation.

“The company credits its success to its ability to adapt, its innovative spirit, and its commitment to serving clients both locally and internationally,” added Nadeem Sufy, the CEO of AX Premium Properties. “Working with top developers like Damac has made its role in shaping Dubai's flourishing real estate market even stronger.”

Dubai’s office market is no longer just growing—it is setting new global milestones. It’s pretty clear that the city’s development so far is only going to move ahead, considering its billion-dollar sales, increasing rents, and dynamic skyline. And with businesses like AX Premium Properties at the top, this story's next chapter is sure to be even more exciting.