While Dubai’s ultra-luxury residential market garners global attention, the city is now witnessing a growing demand for Grade A ultra-luxury office spaces. Historically under-supplied, this segment has become a critical focus for developers as businesses and investors seek workspaces that match the sophistication of Dubai’s high-end homes.
A Shortage of Luxury Office Spaces
The shortage of premium Grade A office spaces has been a challenge for the past five years, but the gap in supply has recently become glaringly apparent. Iconic projects like Brookfield Place and ICD Brookfield Tower in DIFC have long set the standard for luxury offices, yet demand continues to far outpace supply.
This shortage has been further highlighted as competition in the ultra-luxury residential market intensifies. While residential demand remains strong, a high volume of new launches is diluting absorption rates, pushing developers to explore opportunities in the commercial sector.
Record-Breaking Office Developments
In 2024, Omniyat launched an ultra-luxury Grade A office project along the Business Bay Canal, achieving a record-breaking price of AED 7,000 per square foot. This milestone underscores the demand for premium office spaces that offer:
- Prime Locations: Areas like Business Bay, DIFC, and Downtown Dubai are central to this growing trend.
- Bespoke Design: Developers are focusing on spacious layouts, cutting-edge technology, and premium materials to attract top-tier tenants and investors.
The Outlook for 2025
As we move into 2025, the ultra-luxury office market is expected to grow significantly. Developers are already planning new projects to address the supply shortage, meeting the needs of global corporations, UHNWIs, and family offices seeking premium commercial spaces.
With record-breaking sales and unprecedented demand, Dubai’s Grade A office spaces are becoming as sought after as its luxury residential properties. This diversification reflects a broader strategy by developers to balance the market and cater to untapped demand.
A New Era for Dubai Real Estate
Dubai’s ultra-luxury real estate market is no longer confined to residential properties. With the expansion of Grade A office spaces, the city is setting new standards in commercial real estate, cementing its position as a global hub for business and innovation.
As demand continues to rise, Dubai’s ability to attract global wealth and corporations ensures that both its residential and commercial real estate sectors remain at the forefront of luxury and exclusivity. Developers like fäm Properties and Omniyat are leading this transformation, delivering world-class projects that redefine what it means to live and work in Dubai.
By addressing the growing need for ultra-luxury office spaces, Dubai is not just meeting market demands—it’s shaping the future of global real estate.