Commercial Property Index 2025: Key Trends in Dubai’s Market

Note: The dataset covers the period 2019–2024, with the latest release published in June 2025.

Overall Market Dynamics

Between 2019 and 2024, Dubai’s Commercial Property Index increased by 73%.

• In 2019, the average index level stood at ≈100 (baseline).

• By 2024, the index had reached ≈173.2.

This steady growth reflects the resilience and increasing attractiveness of Dubai’s commercial real estate market.

Yearly Performance

• 2019: 100 (baseline)

• 2020: 100.3

• 2021: 118.3

• 2022: 130.9

• 2023: 152.0

• 2024: 173.2

The real acceleration started in 2021, when the index jumped by more than 17% year-on-year.

Annual Change (%)

• 2020: Stable, with minimal growth (+0.5%).

• 2021: Strong growth of ≈17%.

• 2022: Moderate increase of ≈10%.

• 2023: Continued expansion at ≈16%.

• 2024: Solid growth of ≈13%.

Key Phases of the Market

1. 2019–2020: Stability — the index hovered around the 100 mark with little movement.

2. 2021 onward: Expansion — the market entered a growth phase, consistently adding 10–16% annually.

Charts

Figure 1. Commercial Property Index in Dubai (2019–2024)

Figure 2. Annual Change in Commercial Property Index (%)

Implications

The surge since 2021 aligns with broader economic and infrastructural developments in Dubai, including:

• Expansion of business districts such as Business Bay, DIFC, and Dubai South.

• Rising demand for warehousing and logistics spaces due to e-commerce growth.

• Strengthening of Dubai’s role as a regional financial and trade hub.

Outlook for 2025

With the index closing 2024 at a record high, projections suggest the market could surpass 180–190 points by the end of 2025, should current growth trends continue.

✨ This article provides a data-driven snapshot of Dubai’s commercial property market up to 2024, offering valuable insight for investors, developers, and businesses considering expansion in the region.