Dubai Commercial Property Market: October 2024 Overview

In October 2024, Dubai’s commercial property market continued to shine, marked by impressive sales volumes and values that signal robust investor confidence and market vitality.

Dubai's Commercial Property Market as a Whole

The Dubai Land Department recorded an impressive 1,044 commercial sales transactions totaling AED 10.9 billion, further cementing Dubai’s reputation as a top destination for commercial real estate investment.

Dubai Commercial Property

Office Segment Snapshot 

Among these, the office segment stood out, with 304 transactions valued at AED 661.5 million and an average price of AED 1,503 per square foot.

When it comes to top office sales locations in Dubai, areas like Business Bay, Jumeirah Lake Towers (JLT), Tecom, Jumeirah Village Circle (JVC) and Culture Village lead the way, each offering unique advantages to businesses. 

Business Bay stands out as a prime commercial hub with modern infrastructure and easy access to Sheikh Zayed Road, attracting a wide range of corporate tenants and investors. 

JLT provides an appealing mix of office and retail spaces around scenic lakes, appealing to companies looking for a dynamic yet balanced work environment. 

Tecom, with its dedicated technology and media clusters, attracts firms in media, tech and communications industries, while JVC offers more affordable office spaces amid a growing residential area, ideal for small to medium-sized businesses. 

Culture Village, with its arts-focused design, presents a more creative environment, drawing in businesses interested in a unique, culturally rich setting. These locations highlight Dubai's diversity, accommodating various industry needs and preferences.

Retail Segment Snapshot

The retail segment also performed well, with 135 transactions valued at AED 296.7 million, reflecting sustained investor interest in prime retail spaces throughout the city.

At CRC, we see this momentum in retail transactions as a clear indicator of Dubai’s dual appeal as both a business hub and a vibrant retail destination, where demand for commercial and consumer-focused spaces remains robust.

The top 5 destinations for retail sales transactions were:

  1. International City
  2. Mirdif
  3. Business Bay
  4. MBR City
  5. Jumeirah Village Circle

CRC October Overview 

The office sales and leasing market in Dubai is showing significant momentum, with CRC data revealing a 64% year-on-year increase in buyer leads. 

Business Bay continues to be the top-performing community for office sales, reflecting its strong appeal among buyers. 

Moreover, the average selling prices across commercial property types stand at AED 2,531,250 for office spaces, AED 3,600,000 for retail units and AED 10,700,000 for warehouses, showing robust demand and investment potential across diverse sectors.

Leasing activity is also on the rise, with tenant leads increasing by 23% year-on-year. 

Key locations for commercial leasing, such as Jumeirah Lake Towers (JLT), Business Bay and Media City, demonstrate their continued attractiveness for businesses seeking prime locations. 

Leasing prices average around AED 462,725 for office spaces and AED 567,398 for retail spaces. 

The upward trends in both buyer and tenant interest across these areas underscore the resilience and growth of Dubai's commercial property market, particularly in its most sought-after communities.

 

 

 

 

Latest Insights

Top 7 Retail & F&B Investment Trends in Dubai to Watch in 2025

Dubai’s retail and food & beverage (F&B) markets are booming, powered by a population that just crossed 4 million and a consumer culture that blends global tastes with local spending power. For investors, retail and F&B properties continue to deliver attractive returns, particularly in prime locations and emerging lifestyle communities.Here are the top 7 trends shaping retail and F&B investments in Dubai for 2025:1. Experiential Retail Driving Higher YieldsShoppers are no longer satisfied with transactional spaces; they want immersive, lifestyle-driven experiences. Retail units that integrate entertainment, art or interactive tech are commanding premium rents in malls and mixed-use destinations. Investor Angle: Malls like Dubai Mall, Mall of the Emirates and DIFC Gate Avenue are seeing strong leasing demand and low vacancy rates, making them secure, long-term plays.2. Cloud Kitchens Offering High ROI With Low FootprintDubai’s online food delivery market is forecasted to hit $4.9 billion by 2027, fuelling a surge in demand for cloud kitchens. Investors are snapping up smaller, kitchen-focused spaces that offer lower operating costs but high turnover potential for tenants.Investor Angle: Industrial zones such as Al Quoz and DIP are seeing strong demand for this model — often with double-digit rental yields.3. Premium Dining Concepts Attracting Institutional InterestHigh-end dining is booming as Dubai positions itself as a global culinary capital. With celebrity chefs opening flagship restaurants and demand from affluent tourists, premium F&B outlets remain some of the most secure and profitable tenants.Investor Angle: Retail properties in Downtown, DIFC and Bluewaters are seeing consistently high occupancy with long-term lease commitments from operators.4. Wellness & Healthy Dining Retail Units OutperformingConsumers are increasingly health-conscious, driving demand for organic cafés, juice bars and vegan dining. This sector attracts repeat customers and maintains strong footfall in both residential and commercial hubs.In 2024, the organic food market was valued at approximately AED 164 million (USD 44.7 million). It’s forecasted to grow at a CAGR of around 4.6% through 2030 (Researchkonnection.com).With steady CAGR in both organic food and juice sectors, wellness-focused F&B venues are primed for sustainable expansion and appeal to growing health-conscious segments.Moreover, organic and plant-based offerings typically command higher price points, translating to stronger per-unit revenue for landlords and investors!Investor Angle: Leasing in lifestyle communities like Dubai Hills, JLT, and Business Bay is generating sustainable returns for landlords.5. Neighbourhood Retail as a Defensive AssetDubai’s population just surpassed 4 million in 2025 and with new residential master communities being delivered each year, the demand for everyday retail is expanding rapidly. Community-driven retail in residential hubs is becoming a stable, recession-proof asset class. Typically known as ‘community centers’ in the UAE, grocery stores, coffee shops, and casual dining units in neighbourhood centers generate steady income streams with low vacancy risk.Because these are essential services, footfall remains steady regardless of broader economic cycles, making them a reliable investment.Investor Angle: Retail units in Dubai South, MBR City and Arabian Ranches III are attractive for investors seeking stable, long-term yields.6. Tech-Integrated Retail Units Adding ValueTechnology is transforming retail and F&B in Dubai, with QR ordering, AI-powered analytics and cashless payments becoming standard consumer expectations. Tenants are increasingly seeking spaces with high-speed connectivity, delivery-friendly access and smart infrastructure that can support these digital-first operations. With Dubai ranked among the top 20 smart cities globally and smartphone penetration at 94%, tech-ready retail units are not just convenient, they’re actually essential for attracting and retaining modern tenants.From an investor perspective, properties equipped with digital-ready infrastructure lease faster and command higher rents, while offering greater resilience against market fluctuations.Investor Angle: Smart, flexible spaces also align with Dubai’s Smart City 2030 strategy, future-proofing assets for long-term growth. 7. Sustainability Boosting Property ValueGreen practices are gaining momentum, with eco-conscious consumers preferring outlets that embrace sustainability. For landlords, eco-certified buildings and energy-efficient utilities not only reduce costs but also attract global brands.Investor Angle: Sustainable retail units can command rental premiums and are increasingly preferred by international F&B operators.Final ThoughtsRetail and F&B assets in Dubai remain one of the most resilient and profitable investment classes, thanks to strong demand from tenants and steady consumer spending. From premium dining in prime districts to cloud kitchens in industrial hubs, the opportunities in 2025 are diverse and lucrative.At CRC, we connect investors with high-performing retail and F&B properties across Dubai, whether you’re targeting income stability or growth-driven yields.👉 Contact CRC today to explore your next retail investment opportunity in Dubai.

Continue Reading
How to Navigate Madhmoun: A 2025 Step-by-Step Guide for Property Owners and Brokers in Abu Dhabi

In 2025, Abu Dhabi introduced Madhmoun, the region's first government-regulated Multiple Listing Service (MLS), aiming to enhance transparency and trust in the real estate market. This platform ensures that all property listings are verified, reducing fraudulent advertisements and providing a centralised system for property transactions.In this guide, we’ll cover what Madhmoun is, how to register and pro tips for maximising your listing’s exposure.Understanding MadhmounMadhmoun, meaning "verified" in Arabic, is a digital permit system that mandates all property listings in Abu Dhabi to be verified before they can be advertised online. Only licensed brokers with a Madhmoun permit can list properties, ensuring that all advertisements are legitimate and accurate.Why it matters: Verified listings increase trust, attract serious investors and streamline transactions across Abu Dhabi.Registering for MadhmounBefore listing, brokers and developers must obtain a Madhmoun permit through the DARI portal.Step 1Apply online via the ADREC portal.Provide company and broker license documents.Pay applicable fees.Wait for permit approval.Tip: Double-check your broker license and contact info — incomplete submissions are the #1 reason for delays.Step 2Every property must be verified before listing. Ensure you:Confirm ownership documents are accurate.Include clear property photos and floor plans.Provide correct location, size, and amenities.Pro Tip: Properties with full documentation and professional images get listed faster and attract more inquiries.Step 3Once verified, submit your listing on the DARI portal following these guidelines:Include complete property info (type, size, features).Highlight unique selling points (e.g., waterfront, central location).Comply with ADREC rules for online ads.Outcome: Your property will appear on major platforms like Bayut and Property Finder, reaching thousands of potential tenants or buyers.Benefits of Using MadhmounBy utilising Madhmoun, property owners and brokers can:Increase Property Visibility: Listings are displayed on major platforms like Bayut and Property Finder, reaching a broader audience.Enhance Credibility: Being part of a government-regulated system builds trust with potential buyers and tenants.Streamline Transactions: The platform reduces listing fraud and improves the efficiency of property transactions.Common Mistakes to AvoidSubmitting incomplete documents.Using outdated property photos.Ignoring portal guidelines (can delay approval).Assuming any broker can list your property (must be Madhmoun-certified).ConclusionNavigating Madhmoun may seem complex but with the right preparation, property owners and brokers can boost credibility, increase visibility and close deals faster.At CRC, we help clients list properties correctly, optimise their listings and attract the right tenants and investors in Abu Dhabi.Ready to get your property verified? Contact CRC today and let our experts guide you through the Madhmoun process.

Continue Reading
Dubai vs. London vs. Singapore: Where Should You Invest in Commercial Property in 2025?

If you’re looking to expand your business or diversify your real estate portfolio globally, three cities often top the shortlist: Dubai, London and Singapore. Each offers a robust economy, world-class infrastructure and a vibrant business environment.But when it comes to commercial property investment in 2025, one city clearly delivers more value and the numbers speak for themselves.1. Entry Costs: Dubai Offers Higher Value Per Square FootCityAverage Price/sqft (Office/Commercial)OwnershipDubai$300 – $600Freehold & Leasehold (most zones)London$1,200 – $2,000+Leasehold (99–125 years) onlySingapore$900 – $1,500Limited strata titles availableWith lower entry costs, greater ownership flexibility and minimal transaction fees make Dubai the most accessible market for both seasoned and first-time investors. With no capital gains tax and low property registration fees, your initial outlay works harder for you.2. Rental Yields: Dubai Outperforms Mature MarketsCityAverage Commercial YieldDubai6% – 9%London3% – 4.5%Singapore3.5% – 5% For high returns, low barriers to entry and strategic global positioning Dubai ranks #1 among international business hubs. London and Singapore remain attractive for stability and global prestige but their higher costs, slower setup processes and lower yields make them less competitive for investors seeking rapid growth and strong ROI. Final Verdict FeatureDubaiLondonSingaporeCorporate Tax9% (from 2023)25%17%VAT5%20%8%Capital Gains Tax0%Up to 28%0%Foreign Ownership100%Complex rules100% in zonesWith its low corporate tax, zero capital gains tax and 100% foreign ownership in most zones, Dubai offers one of the most investor-friendly fiscal environments worldwide.3. Business Environment and TaxationDubai’s growing expatriate population and booming sectors retail, office and F&B are driving strong demand and premium rental returns. In comparison, London and Singapore’s yields are compressed by their mature, highly competitive markets.

Continue Reading
Not Getting Results from Your Commercial Space in Dubai? Here’s What Might Be Going Wrong

You’ve launched your business, selected a location, paid for the fit-out and opened your doors with high hopes.But weeks, or even months later, the foot traffic is underwhelming, conversions are low and revenue isn’t where it should be.Sound familiar?In Dubai’s ultra-competitive commercial real estate market, even small mistakes in site selection can significantly impact your bottom line.If you’re wondering why your shop, clinic, café or workspace isn’t performing as expected, here are five common reasons and how to fix them.1. You’re in the Wrong Footfall ZoneJust because an area is busy doesn’t mean it’s right for your business.You may have picked a location with high pedestrian traffic but is it the right kind of traffic? A luxury skincare boutique won’t thrive in an area dominated by office workers on quick lunch breaks. Likewise, a kids’ activity center in a business park may not see the kind of steady flow it needs.Solution:Before you sign a lease, analyse footfall patterns and demographics. At CRC Property, we provide real-time footfall insights by category, whether you need access to tourists, residents, families or corporate professionals.2. Poor Visibility from the Street or Mall Access PointIf your customers can’t see you, you don’t exist.A few meters in the wrong direction can mean the difference between a bustling storefront and an invisible one. We've seen corner units or spaces closer to main entrances increase walk-ins by over 30%.Solution:Always ask for detailed layout maps and visit the property at different times of day to assess visibility, lighting and natural flow. CRC can help you shortlist spaces that maximise exposure and customer access. 3. Your Layout or Power Load Is Limiting OperationsA great deal isn’t a great deal if your space doesn’t meet your technical or operational requirements.Restaurants with insufficient kitchen power, clinics with poor drainage or salons with low ceiling heights all face daily operational frustrations. These issues not only limit efficiency but they also directly impact customer experience and revenue.Solution:CRC's experts conduct technical due diligence on every property, checking power capacity, AC specs, drainage, ceiling heights and more, so you don’t run into costly surprises after signing.4. Your Lease Terms Are Too RigidA bad lease can cripple your business before you even begin.No exit clause? No rent-free period? Uncapped annual rent increases? These are more common than you think and they can unfortunately leave business owners trapped in unsustainable contracts.Solution:Have a commercial advisor negotiate on your behalf. At CRC, we help clients negotiate better exit clauses and structure agreements that reduce risk and boost flexibility.5. You’re Not Leveraging Your Space as a Brand AssetYour commercial space isn’t just a monthly cost - it’s a marketing tool.If the fit-out, finishes or surrounding businesses don’t align with your brand image, you could be silently turning away your ideal customers. For example, a sustainability-focused brand won’t thrive next to low-quality retailers or in a poorly maintained building.Solution:We help clients choose spaces that reflect their brand values, whether that’s luxury, tech, sustainable, wellness or local-first. We help you turn your physical location into a powerful extension of your identity.Before You Relocate, Talk to CRCSometimes a relocation is the right move. Other times, all you need is a lease restructure, a signage change or a technical upgrade.At CRC Property, we don’t just lease and sell, we optimise commercial real estate to work for your business goals. 

Continue Reading
Is Commercial Real Estate in Dubai a Safe Investment in 2025? Here’s What the Data Says

With global uncertainty rising, interest rates fluctuating and real estate markets slowing down in major cities like London and New York, investors are searching for stability. The big question on everyone’s mind is:Where can I find secure, long-term returns in commercial real estate?For more and more institutional investors, funds and business owners, the answer is clear: Dubai. And this isn’t just hype, it’s actually backed by strong performance, progressive policy and data-driven results.Here’s why Dubai’s commercial real estate market stands out in 2025:1. Consistent Rental Yields and Low CostsIn global commercial hubs, net yields have dropped and operating costs have surged. But Dubai offers:Net rental yields of 8-12% annually in prime commercial zonesNo property taxes, reducing overheadsFlexible lease structures that attract long-term, stable tenantsCommercial areas like Business Bay, Jumeirah Lake Towers (JLT) and Dubai Investment Park are consistently outperforming due to modern infrastructure, high occupancy rates and business-friendly environments.2. Strong Demand from High-Growth SectorsDubai’s economy has successfully transitioned from oil dependence to a diverse, innovation-led landscape. Current demand in commercial real estate is being driven by:E-commerce and logistics companiesHealthcare and wellness providersFintech and financial servicesHospitality, F&B and tourism businessesGreen tech and startup ecosystemsThis sectoral diversity ensures robust demand for office spaces, warehouses, showrooms and retail units, reducing vacancy risk and boosting ROI.3. Transparent Regulatory EnvironmentDubai has established itself as a secure and transparent place to invest, thanks to initiatives such as:Unified Ejari and title deed systemsFreehold zones open to international investorsClear legal frameworks for commercial disputes and arbitrationInvestors benefit from low bureaucracy, strong ownership rights and fast digital processing, making the investment journey efficient and risk-mitigated.4. Flexible Ownership and Investment ModelsWhether you’re a business or a solo investor, Dubai’s commercial real estate market offers versatile options:Freehold ownership of offices, warehouses and retail unitsLeasehold properties with guaranteed ROI in select business parksReady-to-operate spaces in free zones and commercial clustersAt CRC Property, our expert consultants help clients analyse investment potential, manage cross-border transactions and connect with legal and financial partners.The Verdict: Safe, Transparent, ProfitableIn an era when major real estate markets face headwinds, Dubai offers a rare combination of stability, high yields and ease of doing business. Commercial property investors gain access to:Attractive returnsA maturing regulatory environmentLong-term growth driven by real economic diversificationPartner with CRC Property – Your Investment Experts in DubaiAt CRC Property, we work closely with international investors, funds and entrepreneurs looking to tap into Dubai’s commercial property potential. Our services include:✅ Tailored investment consultations✅ ROI modeling and full asset due diligence✅ Seamless acquisition, leasing and cross-border supportGet in touch today to schedule a strategic consultation with our investment team.

Continue Reading
See all latest insights