Office Rents in Dubai In H1 2024

In H1 2024, office rents in Dubai climbed 22.4%

According to Knight Frank, the occupancy level for Grade A offices exceeded 90%.

A shortage of office space is expected to persist.

Most expensive areas for rent:

• DIFC – $1,000 per m²  
• Trade Centre District – $1,000 per m²

In H1 2024, compared to the same period in 2023:

– Transaction Value – $7.4 billion, rose by 24%  

– Number of Transactions – 1,414, increased by 6%