Dubai Commercial Leasing Pulse — Week ending 21 September 2026

1,337

New physical commercial leases

-1.9% WoW

837

Offices

62.6% share

306

Shops

22.9% share

1,342

4-week average

Early baseline

Headline: Dubai recorded 1,337 new physical commercial lease events during 15–21 September, broadly stable versus 1,363 the previous week.

Four-week volume

Week	New physical commercial leases
25–31 Aug	1,139
1–7 Sep	1,530
8–14 Sep	1,363
15–21 Sep	1,337

What was being leased?

This week's activity was dominated by offices and shops.

Property subtype	Leases	Share
Office	837	62.6%
Shop	306	22.9%
Hotel	101	7.6%
Warehouse	47	3.5%
Showroom	6	0.4%
Restaurant	5	0.4%
Other	35	2.6%

Across all four weeks, offices accounted for 3,492 events and shops for 1,163. Only 19 restaurant events appeared in the same four-week period.

Most active commercial areas

Area	25–31 Aug	1–7 Sep	8–14 Sep	15–21 Sep	4-week avg
Business Bay	56	113	110	118	99
Hor Al Anz	107	59	30	100	74
Naif	59	183	163	99	126
Al Khabeesi	150	277	182	77	172
Muhaisanah Fourth	19	46	32	66	41
Al Thanyah Fifth	35	44	45	53	44
Al Warsan First	23	42	44	53	41
Al Mararr	59	37	46	48	48
Jabal Ali First	44	39	39	43	41
Burj Khalifa	34	28	38	33	33

Persistent signals

Business Bay has recorded more than 100 new physical commercial leases in each of the last three weeks: 113 → 110 → 118.
Al Thanyah Fifth has shown a steady four-week increase: 35 → 44 → 45 → 53.
Al Warsan First has also risen consistently: 23 → 42 → 44 → 53.
Jabal Ali First has been unusually stable: 44 → 39 → 39 → 43.

Biggest movements this week

Up: Hor Al Anz 30 → 100 (+70); Muhaisanah Fourth 32 → 66 (+34); Dubai Investment Park First 11 → 28 (+17); Al Karama 19 → 31 (+12); Port Saeed 17 → 29 (+12).

Down: Al Khabeesi 182 → 77 (-105); Al Muteena 83 → 15 (-68); Naif 163 → 99 (-64).

With only four weeks of history, these are movements worth watching, not established trends.

Office leasing hotspots

Offices represented nearly two-thirds of this week's physical commercial activity.

Area	New office leases
Business Bay	102
Hor Al Anz	91
Al Khabeesi	75
Muhaisanah Fourth	66
Naif	66
Al Thanyah Fifth	47
Al Mararr	34
Saih Shuaib 2	27

Business Bay is the most notable persistent office market in the early sample: 50 → 102 → 93 → 102.

Shop / retail hotspots

Area	New shop leases
Al Warsan First	49
Naif	31
Al Suq Al Kabeer	13
Al Mararr	12
Marsa Dubai	12
Al Karama	10
Hor Al Anz	9
Al Merkadh	8

Al Warsan First has risen every week in the sample: 23 → 41 → 40 → 49 new shop registrations.

Warehouse leasing hotspots

Area	New warehouse leases
Dubai Investment Park First	12
Dubai Investment Park Second	10
Ras Al Khor Industrial Third	4
Al Goze Industrial First	3
Ras Al Khor Industrial Second	3

The four-week data suggests that Dubai Investment Park is the clearest warehouse-leasing cluster in the sample.

A small residential side signal

Residential new-lease volume is much larger than commercial volume. This week we observed 6,896 new single-property residential Unit/Villa lease events, versus 6,671 the previous week.

Area	25–31 Aug	1–7 Sep	8–14 Sep	15–21 Sep
Al Barsha South Fourth	615	564	565	565
Marsa Dubai	372	401	375	423
Business Bay	374	352	373	419
Al Merkadh	314	305	311	290
Jabal Ali First	266	247	252	275

This is being kept separate from the commercial report for now, but it could eventually support occupancy, mover and handover signals.

Methodology and limitations

This analysis uses Dubai Land Department rent-registration exports collected weekly.

VERSION_EN = New
USAGE_EN = Commercial
PROP_TYPE_EN = Unit
TOTAL_PROPERTIES = 1

Virtual-unit and multi-property registrations are excluded. Because the public rent export does not expose a stable contract ID, rows that are identical across lease fields but differ only in project attribution are treated as one lease event. Area-level analysis is therefore more reliable than project-level attribution.

Four weeks is enough to produce a useful pulse, but not enough to label movements as seasonal or structural trends.