Dubai’s commercial real estate market remained resilient in the first half of 2026 despite regional geopolitical tensions, with the office segment emerging as the biggest growth driver. 23 billion in H1 2026, according to an analysis by ANAROCK Middle East.

Overall transaction volumes increased nearly 13% year-on-year to 6,487 deals from 5,754 transactions in H1 2025, highlighting continued demand for commercial assets across the emirate. 28 billion a year earlier.

2% to 2,571 deals. Average office prices climbed 85% year-on-year to AED 3,202 per square foot, reflecting strong demand for Grade A office space amid constrained supply in key business districts and free zones.

Anuj Kejriwal, CEO – Retail and CEO – Europe, Middle East & Africa, ANAROCK Group, said the sharp rise in office transactions points to intensifying demand for premium commercial space in Dubai. 2% year-on-year to 853 deals.

35 billion in H1 2025. Average retail prices also increased 54% year-on-year to AED 3,486 per square foot.

ANAROCK attributed the rise to strengthening consumer and business confidence, along with increasing investor interest in well-located retail assets. 75 billion, more than 40% higher than the year-ago period.

The strong performance came despite escalating regional tensions, with Dubai continuing to attract regional and global capital during periods of geopolitical uncertainty. Activity moderated in Q2 following the exceptional first-quarter performance.

Transaction volumes fell around 22% sequentially, while transaction value declined close to 40% quarter-on-quarter. However, the decline was partly due to a high base created by large land transactions in Q2 2025.

On a year-on-year basis, Q2 2026 transaction volumes were broadly stable, declining around 1%, while transaction value was around 21% lower. Despite the moderation, pricing remained firm.

Average commercial property prices rose 34% year-on-year in Q2 to AED 3,186 per square foot, suggesting that buyers continued to pay a premium for prime, income-generating assets. Investors shift from land to income-generating assetsL and transactions weakened during H1 2026, indicating a shift in investor preference.

60 billion in H1 2025. The trend suggests that investors are increasingly moving away from land banking towards income-generating commercial assets such as offices and retail properties.