Commercial Property Market Dubai: November 2024 Insights

The commercial property market in Dubai continued to display robust activity in November 2024, reflecting strong investor confidence and sustained demand across key sectors.

Here are some of the latest insights, based on data from Dubai Land Department (DLD) and internal data at CRC, highlighting the trends shaping the commercial real estate landscape.

Dubai Commercial Property

Commercial Sales: A Thriving Segment

November witnessed a total of 931 commercial sales transactions, generating a remarkable AED 9.2 billion in value. This robust performance underscores the sustained demand for Dubai’s commercial real estate, bolstered by its reputation as a thriving global business center and its commitment to creating a highly attractive investment climate.

Dubai Office Segment: A Focus on Prime Locations

The office market remained a significant contributor to the commercial property sector:

  • 272 office sales transactions were recorded, amounting to AED 1.1 billion in value.
  • The average price per square foot reached AED 1,648, signaling a sustained appetite for premium office spaces.

Top Performing Office Locations

Key business districts continued to attract investor and tenant attention, with the following areas leading in office sales:

  • Business Bay
  • Jumeirah Lake Towers (JLT)
  • Tecom
  • Jumeirah Village Circle (JVC)
  • Dubai Silicon Oasis (DSO)

These locations stand out for their strategic connectivity, modern infrastructure and variety of office options tailored to businesses of all sizes.

Dubai Commercial Property

Dubai's Retail Property Market 

Dubai's retail sector continues to showcase its dynamic appeal, with impressive figures highlighting sustained investor confidence. According to recent data from the Dubai Land Department (DLD), the retail sales volume has reached 84 transactions, generating a combined value of AED 218.4 million

These statistics underscore the city's enduring reputation as a prime destination for retail investment.

Several neighborhoods have emerged as top-performing areas in retail sales, reflecting a mix of affordability, strategic location, and growth potential. 

Leading the list is Jumeirah Village Circle (JVC), a community known for its growing population and excellent connectivity, making it an attractive hub for retailers. Close behind is International City, popular for its affordability and appeal to small businesses seeking to cater to a diverse demographic.

The upscale district of Mohammed Bin Rashid (MBR) City also stood out, driven by its luxurious lifestyle offerings and proximity to key landmarks. Meanwhile, Al Furjan and Arjan rounded out the top five, with both communities benefiting from rapid infrastructure development and increasing residential occupancy.

Dubai Commercial Property

Market Dynamics: Buyer and Tenant Activity on the Rise

CRC’s internal data painted a positive picture of market demand:

  • Buyer leads rose by 7% month-on-month, underscoring growing interest from investors seeking opportunities in Dubai's commercial property market.
  • Tenant leads saw a 3% increase month-on-month, reflecting a steady demand for leasable office and retail spaces.

This growth in buyer and tenant interest signals a healthy balance between investment activity and end-user demand, positioning Dubai as an increasingly attractive destination for both regional and international businesses.

Latest Insights

The 2024-25 Boom in Dubai’s Commercial Real Estate Market: Key Figures & What They Mean for Investors

Dubai’s commercial real estate market continues its impressive upward trajectory, with total sales transactions reaching AED 90.1 billion in 2024, a 24% increase compared to the previous year. The surge reflects investor confidence across all key sectors: office, retail and industrial.CRC Property's latest Q3 2025 commercial property market report reports over 3,431 transactions during the last quarter, totaling a value of AED 30.38 billion.Breaking Down the NumbersOffice sectorDubai’s office market continued its strong performance in 2025, with both sales value and transaction volumes showing solid growth. Total office sales reached AED 3.1 billion across 1,153 units. The top performing locations were:Business BayJLTMajanJVCBarsha HeightsRetail sectorDubai’s retail real estate market experienced a significant rebound in Q3 2025, with total transaction value rising to AED 1.15 billion across 437 deals — up 95% quarter-on-quarter (QoQ) and 55% year-on-year (YoY). Transaction volumes mirrored this momentum, climbing 88% QoQ and 37% YoY, marking the strongest quarterly performance since 2022.This sharp recovery followed a subdued Q2, reflecting renewed confidence among both investors and end users as market sentiment strengthened in the second half of the year. Additionally, new retail supply entered the market, with several upcoming projects also announced.Industrial sectorWhile smaller in overall transaction volume, the industrial and logistics segment continues to gain traction. The rise of e-commerce, manufacturing and supply-chain re-shoring is fuelling demand for warehouses and distribution hubs. Key free zones such as Jebel Ali and Dubai South remain hotspots for investors seeking stable yields and long-term growth opportunities.What This Means for InvestorsThe momentum across all segments of Dubai’s commercial real estate market underlines the importance of strategic investment decisions.Timing is critical: With prices on the rise, early investors stand to capture more capital appreciation.Diversification pays off: A balanced portfolio across office, retail and industrial assets can help mitigate risk and enhance returns.Leverage data-driven insights: Working with agencies that provide comprehensive market analytics and neighbourhood-level data ensures informed decision-making and maximised yield potential.Outlook for 2026Looking ahead, Dubai’s office market is set for expansion, with several high-profile projects in the pipeline, including the Immersive Tower in DIFC and Uptown Dubai Phase 2, expected to add around 1,400 new office units by 2028. In addition to multiple leading Grade A commercial office towers such as Omniyat's Lumena, Lumena Alta, HQ by Rove, Enara. While this upcoming supply may moderate rent growth in the longer term, strong economic fundamentals, foreign investment inflows and population growth are expected to sustain overall demand.Partner with CRC for Market Insights and OpportunitiesAt CRC Property, our research team continuously tracks market trends, rental performance and investment yields to help clients make data-driven decisions. Whether you’re looking to buy, sell or lease commercial real estate in Dubai, our experts provide sector-specific guidance to ensure your investment aligns with current and future market dynamics.Contact us today for a free consultation.  

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Top 3 Locations to Rent a Warehouse in Abu Dhabi

Abu Dhabi has rapidly evolved into a logistics and industrial powerhouse, attracting global and regional investors who are expanding their operations in the UAE. With strategic connectivity and supportive government policies, the emirate is now one of the most attractive destinations for businesses looking to rent a warehouse.Whether you are a manufacturer, e-commerce operator or logistics company, finding the right location for your warehouse in Abu Dhabi can make all the difference to your operational efficiency and long-term growth. Below, we explore the top three areas that stand out for warehouse rentals in Abu Dhabi, each offering unique advantages, excellent connectivity and strong market demand.1. Mussafah: The Industrial Heart of Abu DhabiMussafah remains the most established and in-demand industrial district in Abu Dhabi. Known as the city’s manufacturing and logistics hub, Mussafah offers a wide range of warehouse options catering to both SMEs and large-scale operators.Businesses choose Mussafah for its strategic location, just 30 minutes from the city center and within close proximity to Khalifa Port and Abu Dhabi International Airport. The area is supported by excellent infrastructure, major highway access and a strong supply of utilities, making it ideal for storage, distribution and light industrial activities.Warehouses in Mussafah are typically available in different configurations, including standalone units and compounds with integrated offices. Many properties come with high ceilings, loading bays and easy truck access which are all key features for companies managing large-scale operations.Why Mussafah is a top choice:Central industrial location with easy access to major transport routesCompetitive rental rates compared to other premium areasWide availability of warehouse sizes and specifications2. ICAD (Industrial City of Abu Dhabi): Modern Infrastructure for Large-Scale OperationsICAD is one of Abu Dhabi’s most advanced industrial zones, designed to accommodate heavy industries, logistics companies and manufacturing plants. The area is divided into several subzones (ICAD I, II, and III), each catering to specific industries such as engineering, construction and food production.One of ICAD’s key advantages is its modern infrastructure and planning. The area features wide internal roads, dedicated zones for different industrial activities and a well-connected logistics network that links directly to Khalifa Port and the main Abu Dhabi–Dubai highway.Businesses renting warehouses in ICAD benefit from a purpose-built industrial ecosystem that supports large-scale operations, with many facilities offering built-to-suit options. ICAD is also a popular choice for international brands setting up regional distribution centers due to its accessibility and efficient layout.Why ICAD is ideal for warehouse rentals:Modern infrastructure and efficient planningProximity to key logistics hubs and highwaysSuitable for heavy industries and high-volume distribution3. Khalifa Industrial Zone Abu Dhabi (KIZAD): Strategic Access to Global Trade RoutesKIZAD represents the future of industrial growth in the UAE. Positioned between Abu Dhabi and Dubai, this massive logistics and industrial hub offers unmatched connectivity through its direct link to Khalifa Port, one of the region’s most advanced deepwater ports.Companies choosing to rent warehouses in KIZAD benefit from seamless import and export operations, free zone and non-free zone options and competitive leasing structures. The area is particularly popular among logistics, e-commerce and manufacturing companies that rely on high-volume trade and regional distribution.KIZAD’s master-planned infrastructure supports scalable growth, with modern warehouse facilities featuring advanced specifications such as high power capacity, temperature control options and integrated office spaces.Why KIZAD stands out:Prime location with direct port accessOptions for both free zone and mainland operationsState-of-the-art warehouse facilities designed for modern businessesFinal ThoughtsThe Abu Dhabi warehouse market continues to experience healthy demand, driven by logistics expansion, e-commerce growth and industrial diversification. Mussafah, ICAD, and KIZAD remain the top choices for businesses seeking warehouse rentals that combine strategic location, efficient infrastructure and competitive pricing.At CRC, our experienced commercial consultants specialise in helping clients identify the most suitable warehouse spaces across Abu Dhabi based on their operational needs, budget and long-term plans. From lease negotiations to property viewings, our team ensures a smooth and transparent process every step of the way.Looking to rent a warehouse in Abu Dhabi?Connect with CRC’s industrial and logistics experts today to explore the best available options and secure a space that supports your business growth. 

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Navigating Office Fit-Out & Renovation in Dubai: Tips, Permits & Cost Estimates

In Dubai’s fast-paced commercial real estate market, first impressions matter. Nothing makes a stronger statement than a well-executed office fit out. Whether you are preparing a new office space or upgrading an existing one, an effective fit out transforms a bare shell into an inspiring, functional and brand-aligned environment.With fitted spaces in high demand, a thoughtful renovation can help your property stand out and even command higher rental returns. Here’s how to plan your fit out project the right way.1. Planning Your Fit OutDefine your requirementsStart by assessing your team’s needs. Estimate the number of workstations, meeting rooms, collaboration zones and storage areas you require. Consider how your team interacts. An open layout may foster collaboration, while private offices may be better for focused work.Set a realistic budgetFit out costs vary depending on size, scope and finishes. Basic interiors may range between AED 200 to 300 per square foot, while premium spaces with luxury finishes or integrated smart technologies can exceed AED 600 per square foot.Engage professionalsPartner with an experienced design and build contractor who can deliver both creative and compliant designs. A professional ensures your project aligns with building codes, landlord requirements and Dubai’s safety standards, saving you costly revisions later.2. Approvals and PermitsFit outs in Dubai require multiple layers of approval, so planning ahead is key.Landlord approvalBefore starting any work, landlords typically require detailed design drawings and material specifications.Dubai Civil Defence and Dubai MunicipalityFor structural or layout changes, you will need approvals covering fire safety and construction compliance.DEWA and telecom connectionsApplications for utilities and communication lines must be coordinated with Dubai Electricity and Water Authority and local telecom providers.Working with experts who understand this process helps prevent costly delays and ensures your project stays on schedule.3. Best Practices for a Successful Fit OutPlan for sustainabilitySustainability is not just a trend, it is a business advantage. Integrate energy-efficient lighting, low VOC materials and water-saving fixtures to create an environmentally friendly workspace that reduces long-term operating costs.Design for flexibilityBusinesses evolve and your office should too. Incorporating modular layouts and movable partitions allows easy reconfiguration as your team grows or work patterns shift.Allocate a contingency fundAlways set aside 10 to 15 percent of your total budget to cover unforeseen expenses, ensuring that unexpected changes do not derail your plans.Our Partnership with DesignFitCRC is proud to partner with DesignFit, one of Dubai’s leading fit out specialists. Through this collaboration, we offer clients a fully integrated service that combines CRC’s commercial property expertise with DesignFit’s creative design and build capabilities.DesignFit’s team delivers bespoke interiors for offices, retail spaces, and showrooms, balancing aesthetic appeal with functionality and compliance. Together, CRC and DesignFit simplify the fit out process, providing clients with a turnkey solution that transforms their vision into reality.Final ThoughtsA well-planned office fit out is more than just an upgrade. It is an investment in your brand, your people and your property’s value. With CRC and DesignFit working together, clients benefit from strategic guidance, creative design, and efficient project delivery, ensuring every square foot works harder for their business.

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Sustainability & Smart Buildings: How Green Offices Increase Value

Environmental, Social and Governance (ESG) considerations are no longer a fringe concept in commercial real estate. Today, corporate tenants and investors increasingly prioritise sustainability, wellness and smart technologies when selecting office space. At CRC, we understand how green and smart buildings enhance both tenant experience and long-term property value.Benefits of Sustainable OfficesLower Operating CostsEnergy-efficient systems, such as modern HVAC and LED lighting, significantly reduce utility bills. Sustainable offices minimise operational expenses while improving overall building performance.Tenant Attraction and RetentionCertifications like LEED, WELL and BREEAM demonstrate a commitment to health, wellness and sustainability. Buildings with these credentials attract high-quality tenants, improving occupancy rates and retention.Higher Rents and ValuationsSmart buildings that integrate advanced technologies consistently command premium rents and contribute to property value appreciation. Investors and landlords can achieve stronger ROI by incorporating green and intelligent building features.Regulatory AlignmentAs Dubai pursues ambitious carbon reduction targets and hosts global events such as COP28, regulators increasingly favour buildings that comply with green standards. Sustainable offices are better positioned to meet evolving compliance requirements.Smart-Building TechnologiesModern commercial offices are adopting smart-building technologies, including:IoT Sensors – Monitor occupancy, energy use and environmental conditions in real time.Automated Climate Control – Maintain optimal comfort while reducing energy consumption.Predictive Maintenance – Identify potential system failures before they occur, reducing downtime and repair costs.Building-Management Systems (BMS) – Centralise control of lighting, HVAC, security and other systems for efficiency and data-driven optimisation.In Dubai, developments such as Immersive Tower and Uptown Dubai Phase 2 (adding over 1,400 office units) are incorporating these technologies, highlighting the market’s shift towards smarter, greener workspaces.How CRC Supports Sustainable InvestmentAt CRC, we help landlords retrofit existing properties to enhance ESG performance and guide tenants seeking green office spaces. By promoting sustainable buildings, we attract environmentally conscious occupiers while maximising long-term value for our clients’ portfolios.Whether you are an investor, landlord or tenant, aligning with sustainability trends in Dubai’s commercial real estate market is no longer optional, it’s essential. CRC’s expertise ensures your properties are future-ready, competitive and environmentally responsible through our bespoke commercial property consultive approach. 

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Why Flexible & Fitted Offices Are in High Demand: Insights for Tenants and Landlords in Dubai

The way businesses operate is evolving and so are their office requirements. Hybrid work, lease cycles and the growing preference for plug and play spaces have reshaped what companies look for when choosing their offices.Recent data shows that occupancy rates in Dubai’s key business districts, including Business Bay, DIFC and JLT, range between 90 and 95 percent. This reflects a clear shift toward flexible and fitted office spaces that offer convenience, speed and cost efficiency.Drivers of Demand for Fitted and Flexible Offices in Dubai 1. The Rise of Hybrid Work ModelsAs hybrid work becomes the new standard, many companies are reducing the size of their traditional offices in favour of smaller, more efficient spaces that complement remote work. Fitted offices provide the perfect solution by offering a professional environment that supports collaboration without unnecessary overheads.2. Speed to MarketStartups, small businesses and international firms entering Dubai want to move in quickly and begin operations immediately. Fitted offices allow this by eliminating long fit out periods and large capital investments, helping companies establish themselves faster and with fewer challenges.3. Cost PredictabilityFitted office spaces offer transparent and predictable costs. Rent often includes utilities, maintenance and service charges, giving tenants a clearer understanding of their monthly expenses. This makes it easier to plan and manage budgets, especially for businesses with tight financial goals.4. High Occupancy in Prime DistrictsWith occupancy levels above 90 percent in Dubai’s most popular areas, available fitted offices are being leased faster than ever. This strong demand is pushing rents higher and creating a competitive market for tenants. For landlords, it signals a valuable opportunity to upgrade their spaces and attract quality tenants.Tips for LandlordsInvest in Quality Fit OutsModern design and functionality can set your property apart. Include ergonomic furniture, smart meeting rooms and high speed connectivity. Tenants are willing to pay more for offices that are fully equipped, visually appealing and ready for immediate use.Offer Flexible Lease TermsFlexible lease structures with shorter durations and renewal options appeal to growing businesses that want room to expand. This approach increases your pool of potential tenants and helps build long term relationships.Sustainability Attracts TenantsIntegrating sustainable features such as energy efficient HVAC systems, smart lighting and WELL or LEED certifications can attract environmentally conscious tenants while reducing operational costs. Green offices are increasingly seen as an asset in Dubai’s evolving real estate landscape.Advice for TenantsSecure Space EarlyWith limited stock in prime business districts, it is wise to start your search at least six months before your planned move. Early planning gives you access to more options and better negotiation power.Compare All In CostsWhen evaluating potential offices, always look beyond the base rent. Consider service charges, parking fees and possible rent escalations to understand the true cost of your lease.Negotiate Fit Out ContributionsSome landlords are open to offering fit out upgrades or customisations to attract long term tenants. Discussing these contributions at the negotiation stage can help you secure a workspace that suits your team’s needs without extra expense.CRC’s AdvantageAt CRC Property, we understand what drives today’s office market.Our team manages a wide portfolio of flexible and fitted offices across Dubai’s leading business hubs, connecting tenants with spaces that meet their operational goals, budgets, and brand image.For landlords, CRC provides strategic advisory services on fit out quality, pricing and leasing trends to keep your property competitive in a fast moving market.

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