Dubai Market Update Q3 2022 (image)

Dubai Market Update Q3 2022

Dubai’s real estate market continues to see robust growth across performance indicators for all asset classes.

Dubai Office Market

  • Demand for quality office spaces in centrally located areas is outstripping supply
  • Citywide office rents up by 23% year-on-year, with all office districts surpassing pre-pandemic rental levels
  • The sharpest year-on-year rise in office rents were seen in Business Bay (40%) and JLT (36%) office districts.
  • City-wide office occupancy at 83%, with an absorption of over 5.4 million sq. ft witnessed in the last 12 months

Dubai Residential Market

  • Off-plan project launches up by 61% year-on-year
  • Highest ever number and value of secondary market transactions recorded in Q3 2022
  • City-wide villa sales price up by 16% and apartments by 8% year-on-year
  • Sharper rental rises witnessed with city-wide villa rents up by 28% and apartments by 26% year-on-year

Related Insights

Abu Dhabi Annual Market Update 2024/2025 (image)
Insight • UAE

Abu Dhabi Annual Market Update 2024/2025

Abu Dhabi real estate hits record highs as demand outpaces supply. Rising sales, record rents, and tight office space define Abu Dhabi’s real estate market.
Prathyusha Gurrapu • 2025-03-13
Dubai Annual Market Update 2024/2025 (image)
Insight • UAE

Dubai Annual Market Update 2024/2025

Soaring demand and limited supply defined 2024, breaking records in both residential and office markets, with further increases expected in 2025. Increased supply pipeline and regulatory updates set to create more balance in specific areas by 2026/2027.
Prathyusha Gurrapu • 2025-01-30
MARKETBEAT- Office Q4 2024, Abu Dhabi, UAE (image)
Insight • UAE

MARKETBEAT- Office Q4 2024, Abu Dhabi, UAE

Abu Dhabi’s office market continues to experience robust growth, marked by a significant increase in occupancy levels. Demand is primarily driven by the banking, finance, and hydrocarbons sectors, maintaining prime and Grade A occupancy at 95%, supported by stable rental rates and strong competition for Grade A spaces.
Prathyusha Gurrapu • 2025-01-24
YOUR PRIVACY MATTERS TO US

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.