
Rents up or rents down? Dubai's office market is really two markets
Grade A space is close to full while the tier beneath it moves on different terms, and the agency rent indices are measuring different baskets. This Dive starts there.
RT/PRIME is the RealTimes Prime Rental Index. Live now: RT/PRIME Office, prime office rents each checked against at least 3 separate brokerages. How it works →
RT/PRIME is the RealTimes Prime Rental Index. Live now: RT/PRIME Office, prime office rents each checked against at least 3 separate brokerages. How it works →
RealTimes Dive · Dubai offices
Dubai's office market read by the people who own, rent, regulate and fund it: where good space is short, who pays for the next wave, and what the free zones are building.
DOS26 · By invitation
“Dubai Office Summit”
Thursday, 5 November 2026 · Spaces, Dubai CommerCity
See the event page
Grade A space is close to full while the tier beneath it moves on different terms, and the agency rent indices are measuring different baskets. This Dive starts there.
Office sales nearly tripled in H1 2026, yet no source we found publishes a buyer-nationality split for offices, so the answer has to be read from named deals, starting with ICD Brookfield Place.
Fitch calls UAE banks stronger than at any point in about 15 years, yet corporate real estate is the exposure it watches hardest.
Henley & Partners counts millionaires, but Dubai offices fill only when that wealth turns into firms with staff.
Dubai occupiers are trading headline rent for control of the building, fitted space and payment terms that match a slower decision cycle.
PreviewFirst look: RealTimes Market Intelligence. Every figure sourced. Every source named. Learn more →
Rents, vacancy, supply and who owns the floors.

Three agencies read the same quarter as flat, falling and up 31%; the gap narrows once you ask which stock each one counts.

Pipeline headlines run from 1.9 million sq ft in a year to 24.2 million over five, and they are not comparable; the useful cut is build-to-sell against build-to-rent, and pre-let against open.

Strata ownership gave Dubai a deep investor market, but a tower with many owners cannot offer a large tenant one counterparty, and a floor buyer inherits that limit.

A flat quarter, a cooler sales run-rate and a regional war make the peak question fair, and the leasing data answers it differently from the sales data.

The evidence for shrinkage is thin, the evidence for new space types is concrete, and Dubai's free zones are already building for it.

A planned 725 m Dubai tower has no listed office floors, yet its design problems of compact cores, separate entrances and vertical transport are the ones every tall office floorplate faces.
Who buys Dubai offices, who lends against them and where the money comes from.

Office sales nearly tripled in H1 2026, yet no source we found publishes a buyer-nationality split for offices, so the answer has to be read from named deals, starting with ICD Brookfield Place.

Fitch calls UAE banks stronger than at any point in about 15 years, yet corporate real estate is the exposure it watches hardest.

Henley & Partners counts millionaires, but Dubai offices fill only when that wealth turns into firms with staff.
What tenants ask for, how new firms arrive and how landlords answer.

Dubai occupiers are trading headline rent for control of the building, fitted space and payment terms that match a slower decision cycle.

Who is moving into Dubai offices now, why they pick a zone, and what their opening lease looks like.

Operators are now both occupiers and partners, and the deal structure decides who carries the risk.
Free zone or mainland, and how the zones are turning into office landlords.
A plain-language guide to what changed for firms choosing between a free-zone office and a mainland one, and to DIEZ, the single authority behind three of Dubai's free zones.

Dubai CommerCity's AED 1.8bn second phase delivers its first offices in 2027, the year Dubai Airports' CEO says flydubai could begin moving aircraft to Al Maktoum International; the release does not mention the airport at all.
How Dubai competes with Riyadh, and how Gulf capital prices offices abroad.

Saudi Arabia's regional headquarters rule is filling Riyadh offices, but where firms put their people is a separate question.

Gulf sovereign and private money is selective in European offices, and the way it prices them shows what is missing at home, where single-owner towers rarely trade in the open.
The programme and the people at “Dubai Office Summit”.

RealTimes brings landlords, occupiers, free-zone leaders and capital together at Dubai CommerCity for a short, invitation-only morning on the Dubai office market, with an opening, a keynote and two panels.
38 open calls. Office market advisers and valuers (12) · Free zone office landlords in Dubai (6) · Developers delivering Dubai offices to 2028 (2) · Lenders to Dubai offices (3) · Vertical transport specialists (7) · Office owners in Dubai towers (4) · Heads of workplace at firms renting in Dubai (4)
Office market advisers and valuers · Dubai
Which Grade B buildings do you use to track rents?
Answer this →Free zone office landlords in Dubai
How many months rent-free do you give on a Grade B renewal today?
Answer this →Developers delivering Dubai offices to 2028
How much of your next office tower is rented before completion?
Answer this →Lenders to Dubai offices
What share of your office lending is for units not yet built?
Answer this →Vertical transport specialists · Dubai
How many lift shafts did your last tall tower need?
Answer this →Office market advisers and valuers · Dubai
Which Grade B buildings do you use to track rents?
Answer this →Office market advisers and rating analysts · Dubai
How many clients restarted paused office searches this year?
Answer this →Workplace designers in Dubai
What one office feature do AI firms request most often?
Answer this →Tall tower engineers and designers in Dubai
In your tall tower, what share of each floor went to lifts and services?
Answer this →Strata and property law advisers · Dubai
Which document do you check first when a client buys an office floor?
Answer this →Valuers and capital markets advisers in Dubai
What type of buyer bought the last top-grade office you sold?
Answer this →Office valuers in the UAE · Dubai
What do lender clients ask you to check first when valuing an office?
Answer this →Wealth migration advisers in Dubai
How many of your UAE clients opened a staffed office last year?
Answer this →Tenant advisers in Dubai
Which landlord offer is most common in your deals today?
Answer this →Tenant advisers in Dubai
How many of your clients asked about flexible space this year?
Answer this →Legal advisers on Dubai company setup
How many clients now ask you about a mainland operating permit?
Answer this →Regional headquarters advisers · Riyadh & Dubai
Among clients with Riyadh licences, what share of staff work in Riyadh?
Answer this →Free zone office landlords in Dubai
How many months rent-free do you give on a Grade B renewal today?
Answer this →Free zone landlords building their own towers · Dubai
How much space in your next tower have current tenants asked about?
Answer this →Free zone landlords hosting AI and tech firms · Dubai
What floor size do AI firms usually lease from you?
Answer this →Free zone and business-setup leaders · Dubai
Where do most firms you set up choose their first office?
Answer this →Free zone authorities in Dubai
What share of your office tenants also have a mainland business licence?
Answer this →Free zone leaders at Dubai CommerCity
What share of your office space at CommerCity is let today?
Answer this →Developers delivering Dubai offices to 2028
How much of your next office tower is rented before completion?
Answer this →Logistics and e-commerce campus leaders near the airport · Dubai
How many e-commerce firms took offices in your district this year?
Answer this →Lenders to Dubai offices
What share of your office lending is for units not yet built?
Answer this →Heads of real estate finance at UAE banks · Dubai
What reason most often leads you to decline office loans?
Answer this →Bankers lending on offices in Dubai and Europe · Dubai & Europe
What share of a Dubai office's value will your bank lend today?
Answer this →Vertical transport specialists · Dubai
How many lift shafts did your last tall tower need?
Answer this →Flexible workspace operators · Dubai
How many landlords asked you to run flexible space this year?
Answer this →Gulf institutional investors in European offices · Europe & Dubai
What return range do you target for European office purchases?
Answer this →Global office researchers & advisers
In your home market, how much more rent does a top-grade office earn?
Answer this →Global office owners & investors
What change in your recent deals first showed office demand slowing?
Answer this →Global office researchers & advisers
In your market data, did AI firms lease more office space last year?
Answer this →Global investors & developers
What made a recent occupier pick a new city in one of your deals?
Answer this →Office owners in Dubai towers
Have tenants left your buildings because they have many owners?
Answer this →Office investors and REIT owners in Dubai
What type of buyer bought your last office property?
Answer this →Family offices and private investors in Dubai offices
What size range of Dubai office space does your family office use?
Answer this →Dubai office owners and developers
What tenant issue are you seeing most in your buildings?
Answer this →Heads of workplace at firms renting in Dubai
What non-rent offer helped most in your recent Dubai office lease?
Answer this →Heads of firms that recently set up in Dubai
What made you choose your first Dubai office?
Answer this →Corporate real estate heads with Riyadh and Dubai offices · Riyadh & Dubai
In which city do most of your regional staff sit today?
Answer this →Occupiers choosing offices in Dubai
What office issue is your company dealing with now?
Answer this →