by Savills -Dubai’s office market remained broadly stable during Q2 2026, with total leasing transactions increasing 4% quarter-on-quarter to 38,082 transactions. Whilst the increase was primarily driven by new lease activity in smaller office units, the report notes that larger occupiers adopted longer decision-making timelines during the quarter.
The report examines key market trends across leasing activity, occupier demand, rental performance and future office supply. It highlights continued demand for Grade A office accommodation, resilient occupier demand despite a more measured pace of decision-making, and the first quarter without rental growth since H1 2021, with average office rents remaining at AED 238 per sq ft.
Looking ahead, the report outlines expectations for a gradual improvement in leasing activity during the second half of 2026, supported by the return of deferred occupier requirements, continued demand for high-quality office accommodation and flexible workspace, and a constrained pipeline of prime Grade A supply.
