Dubai's office market rents soar 25% as occupancy and business registrations hit record highs.

Dubai's commercial office market has seen significant growth in Q3 2024, with rental values increasing by 25% year-on-year due to high occupancy rates and new business registrations. The real estate market also flourished, with sales transactions up 13.4% year-to-date, setting records and supporting Dubai's Real Estate Sector Strategy 2033 goals. Investors are turning to real estate investment trusts (Reits) and fractional ownership apps as property prices rise, benefiting from the UAE's relaxed foreign ownership rules.

November 24, 2024
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