Dubai: New data shows commercial property prices in Dubai have surged more than threefold in average sales value over the past 12 months.
The average deal size for commercial real estate in Dubai has climbed to Dh14.41 million, versus Dh4.27 million in July 2024, Allsopp & Allsopp reported.
This surge is driven by a mix of rising land prices and appreciation of the properties themselves. However, in July, new rental contracts showed a decline in average rates.
According to the report, “The sharp rise reflects a market in which investors are increasingly concentrated on prime, well-located assets, intensifying competition and boosting overall property values.”
