Exceptional Performance Across UAE’s Real Estate Sectors in Q4 2024

05 Feb 2025 CW Team

As of the end of December, average occupancy rates across assets tracked by CBRE had reached 94%, up from 92%, a year earlier. This trend is expected to prevail through 2025 as new deliveries remain limited and as the non-oil countries grow and generate more employment growth. Office rentals have continued to move upwards through the fourth quarter with average leasing rates increasing by around 20% respectively year-on-year as compared to Q4 2023.

In Abu Dhabi, recorded real GDP growth reached 4.5% year-on-year during Q3 marking the fastest pace of expansion in the Emirate since Q4 2022. Growth was primarily driven by the non-oil sectors which grew 6.6% year-on-year and 5.9% in year-to-date, supporting continued expansion of the office sector, amidst strong growth in new business licenses and expansion of companies. This has been reflected in the continuation of tenant demand for new office accommodation, with strong lease up trends demonstrated by premium assets.

With occupier demand remaining firm, there has been an increase in construction activity in response, with several new office towers currently being developed across the upper parts of Abu Dhabi Island, predominantly of Grade B/C quality. Average occupancy rates have continued to rise, ending the year at over 94%, with rental rates also moving in the same direction, jumping 15% year-on-year as Landlords have become increasingly bullish with position on new lease terms, in the face of escalating demand and diminishing availability of quality supply.

CBRE Middle East, the global leader in commercial real estate services and investments, released its latest edition of the UAE Real Estate Market Review for the fourth quarter of 2024. Dubai’s commercial investment market has witnessed a jump in transactional activity over the past 12 months against the backdrop of cyclical high office occupancy rates and continued rising rental values. With supply now becoming increasingly tight across prime and secondary locations, leasing volumes are now being constrained with more limited large sized office transactions completed during the final quarter. As of the end of December, average occupancy rates across assets tracked by CBRE had reached 94%, up from 92%, a year earlier. This trend is expected to prevail through 2025 as new deliveries remain limited and as the non-oil countries grow and generate more employment growth. Office rentals have continued to move upwards through the fourth quarter with average leasing rates increasing by around 20% respectively year-on-year as compared to Q4 2023. In Abu Dhabi, recorded real GDP growth reached 4.5% year-on-year during Q3 marking the fastest pace of expansion in the Emirate since Q4 2022. Growth was primarily driven by the non-oil sectors which grew 6.6% year-on-year and 5.9% in year-to-date, supporting continued expansion of the office sector, amidst strong growth in new business licenses and expansion of companies. This has been reflected in the continuation of tenant demand for new office accommodation, with strong lease up trends demonstrated by premium assets. With occupier demand remaining firm, there has been an increase in construction activity in response, with several new office towers currently being developed across the upper parts of Abu Dhabi Island, predominantly of Grade B/C quality. Average occupancy rates have continued to rise, ending the year at over 94%, with rental rates also moving in the same direction, jumping 15% year-on-year as Landlords have become increasingly bullish with position on new lease terms, in the face of escalating demand and diminishing availability of quality supply.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Infrastructure Transport

02 Apr 2026

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Technology

02 Apr 2026

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..