Dubai Q2 2026 Office Market Report
Dubai's office market entered Q2 2026 in a more measured phase following several years of exceptional rental growth. Average office rents closed the quarter at AED 203.8 per sq ft per year, remaining 6.9% higher year on year despite a second consecutive quarterly moderation.
Supply remains the more significant market story. No new office space was completed between April and June, leaving completed stock at approximately 11.32 million sq m. With the development pipeline through 2028 equivalent to only around 5.0% of current stock, availability across established office locations remains structurally constrained.
This report examines rental movements, long term pricing trends, existing stock and the office development pipeline shaping Dubai's commercial property market.
Download the report for insights that turn market intelligence into action, including:
- Average Dubai office rents reached AED 203.8 per sq ft per year in Q2 2026, representing a 6.9% increase year on year.
- Rents moderated for a second consecutive quarter, declining approximately 2.15% from Q1 2026 and approximately 3.5% from the Q4 2025 peak of AED 211.3 per sq ft per year.
- Despite the recent moderation, Q2 rents remained approximately 3.4% above the 2025 full year average of AED 197.0 per sq ft.
- No new office space was completed between April and June 2026, leaving completed office stock at approximately 11.32 million sq m.
- Dubai office rents have increased approximately 102.7% over five years while completed stock has expanded at only approximately 0.38% annually over the recent four year period.
- Scheduled office additions through 2028 total approximately 560,609 sq m, equivalent to only around 5.0% of current stock.
- Approximately 46% of the identified development pipeline is scheduled for 2028, meaning meaningful supply relief remains weighted toward the later part of the forecast period.
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Access the complete Dubai Q2 2026 Office Market Report for detailed rental trends, historical performance, office stock analysis and the development pipeline shaping Dubai's commercial real estate market.