Dubai’s Office Market Reaches a New Benchmark With Record $33.8M Business Bay Sale

Dubai’s commercial property market has recorded a new milestone after a landmark office transaction in Business Bay set a fresh benchmark for office asset values in the emirate. The AED124 million (US$33.8 million) deal underlines continued demand for premium-grade commercial space despite a more selective market environment.

The record sale reinforces how investors are increasingly concentrating on high-quality office stock in established business districts, with demand continuing to outpace supply across Dubai’s top-tier commercial segment.

Business Bay remains one of the city’s strongest-performing office locations as occupiers and investors prioritise location, amenity and long-term value.
The transaction adds to broader momentum in Dubai’s office sector, where sales activity and values have continued to strengthen alongside growing competition for premium commercial space.

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Originally posted on LinkedIn