Office Rents Rise Up to 31.5% in Q2 2026
Dubai’s office market continues to experience intense pressure from limited supply and strong tenant demand. According to JLL, office rents in the emirate increased by as much as 31.5% during the second quarter of 2026.
Low Vacancy Strengthens the Landlord Position
Low vacancy rates and continued demand from financial services, technology and professional services companies have strengthened the negotiating position of landlords, particularly in high-quality and well-located office buildings.
A Structural Shortage of New Office Space
Years of residential-focused development have contributed to a shortage of new commercial office space. As a result, the commercial segment is now facing a structural supply gap in several key business districts.
What the Supply Gap Means for Developers and Investors
The current environment is likely to encourage developers and master planners to accelerate new office projects and mixed-use business districts. For investors, the supply shortage is also increasing interest in commercial assets capable of generating strong rental income.
