Dubai's Office Market Achieves Balance Amid Strong Demand in Q2 2026

Summary:

Dubai's office market entered a balanced phase in Q2 2026, with strong demand for high-quality spaces despite slower leasing activity, according to Savills. The Dubai Land Department reported a 4% increase in office leasing transactions, mainly in smaller units, while larger occupiers took longer to decide amid geopolitical uncertainty. Average office rents stabilized at AED238 per sq ft, reflecting rental stabilization rather than correction. Looking ahead, about 1.9 million sq ft of office space will be delivered in 2026, with demand expected to remain strong, particularly in the Grade A segment, as business confidence improves.