Dubai office rents averaged AED241 (about $66) per square foot in the third quarter of 2026, according to a property consultancy, as reported by Arabian Business.
Dubai office rents stay stable in Q3
Rents held steady over the quarter, although prices varied between established and emerging business districts. The consultancy counted about 20,200 rental transactions. That is 8% lower than in the previous quarter but broadly in line with last year. New leases made up 51% of deals, while renewals made up 49%. Overall, rents have held up despite the dip in deal volume.
Smaller offices dominated activity. Units under 1,000 sq ft made up 66% of transactions, and units under 500 sq ft made up 40%. However, the consultancy also recorded requirements above 30,000 sq ft during the quarter. Grade A office space drew interest from international firms, including fintech and Chinese companies.
New office supply due by 2030
About 20.4 million sq ft of gross leasable office space is due between 2026 and 2030. The increase gets bigger from 2028. Strata-owned developments will make up 86% of new supply in 2028 and 78% in 2029. By 2030, the pipeline shifts mostly to single-owned buildings. This new supply could shape Dubai office rents after 2028.
What Dubai office rents may do next
The consultancy expects steady demand for the rest of 2026. Prime buildings should stay attractive. In contrast, secondary properties may face longer leasing periods. A senior executive at the consultancy said occupiers are taking a more considered approach to location, connectivity and building quality. In short, demand remains active even though deal volumes dipped.
These figures come from one consultancy, so readers should treat them as the consultancy’s view of the market. For official property data, see the Dubai Land Department. You can also track transactions on our Dubai transactions dashboard, or read more in our real estate news section. Keep watching Dubai office rents as new supply arrives.
Source: Based on a property consultancy report, as reported by Arabian Business.
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