Dubai’s commercial real estate sector saw an extraordinary performance in the first half of 2026, with office sales reaching a staggering Dh15.8 billion. According to data from Cavendish Maxwell, this figure represents a massive 200% increase compared to the same period last year. The market was largely driven by off-plan activity, which made up 65% of the 2,600 total transactions. Notably, the appetite for premium properties reached new heights, with over 220 individual transactions exceeding the Dh20 million mark—a significant jump from the modest numbers seen throughout the previous year.

However, despite this impressive start, the market showed signs of cooling as it moved into the second quarter, with transaction volumes dipping 36% compared to the first three months of the year. While the core fundamentals of Dubai’s business environment remain robust, experts suggest that regional geopolitical factors and evolving supply levels are creating a more cautious atmosphere for investors. As the market navigates these uncertainties, analysts are keeping a close eye on the third-quarter data to determine if this slowdown is merely a seasonal adjustment or a sign of a broader market shift. In the meantime, Business Bay remains the clear frontrunner in popularity, leading total transaction rankings, while steady demand continues to put pressure on limited available stock.