Business Bay Market Activity

Business Bay recorded 89 leasing transactions in Q2 2026, a 34% increase versus the prior year, establishing the submarket as the primary beneficiary of spillover demand from Dubai’s ultra-tight core office markets.

Occupier Profile Shift

Technology and startup companies are relocating to Business Bay as they scale and require more prestigious addresses. Regional headquarters of mid-sized international firms now represent the largest demand segment at 39% of Q2 transactions.

Building Quality Divergence

A clear bifurcation is emerging within Business Bay. Well-managed towers are achieving AED 220-240 per sqm and near-full occupancy, while poorly managed assets continue to see 15-20% vacancy.

Investment Activity

Three Business Bay office assets traded in Q2 2026 at yields ranging from 5.8% to 6.4%, attracting value-add investors with repositioning business plans.