Latest news with #BehnamBargh
Khaleej Times
18 hours ago
- Business
- Khaleej Times
Office sales spur Dubai's commercial realty to Dh31b in Q2
Dubai's commercial real estate market surged to new highs in the second quarter of 2025, with total transaction value climbing to Dh31 billion — marking a 50 per cent year-on-year jump. This substantial growth, up from Dh20.75 billion in Q2 2024, reflects the market's strong momentum amid rising demand for Grade A office space, premium warehouse facilities, and off-plan investments, says CRC Property's latest market report. Leading the surge was the office segment, where sales skyrocketed by 93 per cent year-on-year to Dh2.62 billion. The volume of office transactions also rose by 26 per cent, highlighting a growing appetite among investors and end-users for ownership opportunities in Dubai's business hubs. Business Bay and Jumeirah Lake Towers (JLT) continued to dominate activity, while emerging commercial zones such as Barsha Heights and Motor City gained traction, offering competitive pricing and modern infrastructure. Behnam Bargh, managing director at CRC, said Q2 2025 represents a defining moment for both CRC and Dubai's commercial landscape. 'We recorded our most successful quarter to date, with a 75 per cent increase in sales deals. This performance is a direct result of our team's client-first approach and the continued confidence of investors in Dubai's economic story.' One notable trend is the growing share of off-plan office transactions. Developers such as Omniyat have launched landmark projects like Lumena in Business Bay — premium commercial towers that combine cutting-edge architecture with flexible floor plans and high-end amenities. This shift towards modern, future-ready workspaces is reshaping the preferences of institutional investors and long-term occupiers. 'The success of off-plan reflects a maturing buyer mindset — stakeholders are committing to spaces that meet the evolving needs of tomorrow's workforce, not just today's,' Bargh said. Property market analysts believe that as global investors recalibrate their portfolios for post-pandemic realities, Dubai's commercial property market is emerging as a safe, growth-oriented asset class — powered by innovation, transparency, and strategic vision. Dubai's industrial and logistics sectors also displayed strong growth, driven by high demand and constrained supply. Average warehouse sale prices more than doubled year-on-year, reaching Dh22.2 million, largely due to intense activity in prime industrial locations such as Dubai Industrial City, Dubai Investments Park (DIP), and Jebel Ali Free Zone (JAFZA). The sector saw an increase in larger transaction sizes, signaling consolidation and expansion among logistics and distribution players seeking strategic, scalable assets. These trends underscore Dubai's growing role as a regional logistics and supply chain hub, particularly as e-commerce, last-mile delivery, and regional warehousing requirements accelerate. On the leasing side, the market maintained robust momentum, with leasing transactions increasing by 30 per cent compared to the previous quarter. The average office leasing value rose to Dh480,768 — a 95 per cent surge year-on-year — as businesses competed for fitted, well-located, and high-spec workspaces. Demand for larger units is being driven by new business setups, regional expansions, and growing confidence across sectors such as finance, technology, consulting, and healthcare. According to CBRE, both Dubai and Abu Dhabi are experiencing sustained rental growth and high occupancy rates due to limited new supply and a steady influx of international firms setting up regional headquarters. JLL's recent analysis echoes this sentiment, pointing to high investor interest in strategic commercial assets such as last-mile logistics hubs, data centres, and mixed-use office-retail complexes. The ability to convert qualified non-freehold properties is also expected to unlock further investment potential across multiple submarkets. With the UAE's diversified economy continuing to attract foreign capital, the commercial real estate sector stands poised for further expansion in the second half of 2025. Market analysts believe Dubai's continued focus on infrastructure upgrades, business-friendly reforms, and sustainable development will support a healthy demand pipeline and long-term value creation.
Arabian Business
21 hours ago
- Business
- Arabian Business
Dubai real estate: Commercial property sales surge 50% to $8.4bn in Q2 2025
CRC Property has reported commercial property sales across Dubai reached AED 31 billion in the second quarter of 2025, marking a 50 per cent increase from the same period last year. The commercial real estate advisory firm's Q2 2025 Commercial Property Market Report shows transaction values rose from AED 20.75 billion in Q2 2024. The firm recorded a 75 per cent increase in sales deals year-on-year during what it describes as its most successful quarter to date. Behnam Bargh, Managing Director at CRC, said: 'Q2 2025 represents a defining moment for both CRC and Dubai's commercial landscape. We recorded our most successful quarter to date, with a 75 per cent increase in sales deals year-on-year. This is a direct result of our team's client-first approach and commitment to driving tangible value for our partners.' Dubai commercial property sales soar The office segment generated AED 2.62 billion in sales, representing a 93 per cent increase from Q2 2024. Transaction volumes increased by 26 per cent during the same period. Business Bay and Jumeirah Lake Towers maintained their positions as the most active areas, whilst Motor City and Barsha Heights showed increased activity. Off-plan office sales contributed a notable portion of transactions, with developments such as Omniyat's Lumena tower in Business Bay launching during the quarter. 'The success of off-plan reflects a maturing buyer mindset — long-term occupiers and institutional investors are committing to spaces that match tomorrow's needs, not just today's,' Bargh added. Warehouse sale prices averaged AED 22.2 million, up 107 per cent from Q2 2024. The increases stem from limited supply and demand for facilities in Dubai Industrial City, DIP and JAFZA. Transaction sizes have grown as logistics sector occupiers seek facilities to support regional operations. Leasing deals rose 30 per cent quarter-on-quarter, with office leasing prices averaging AED 480,768 — a 95 per cent increase year-on-year. The increases reflect demand for fitted office spaces in strategic locations. The report attributes the market performance to investor confidence, high-quality off-plan commercial developments, and demand for Grade A office and industrial assets.
Zawya
a day ago
- Business
- Zawya
Office sales soar 93% as Dubai's commercial property market reaches AED 31bln
Dubai, UAE: CRC Property, a leading commercial real estate advisory firm in the UAE, has released its 'Q2 2025 Commercial Property Market Report', revealing a significant surge in commercial property sales across Dubai, with total transaction value reaching AED 31 billion a 50% year-on-year increase. This sharp rise in value, up from AED 20.75 billion in Q2 2024, underscores a market that continues to evolve in both scale and sophistication. The performance signals a decisive return of investor confidence, supported by the launch of several high-quality off-plan commercial developments and rising demand for Grade A office and industrial assets. 'Q2 2025 represents a defining moment for both CRC and Dubai's commercial landscape,' said Behnam Bargh, Managing Director at CRC. 'We recorded our most successful quarter to date, with a 75% increase in sales deals year-on-year. This is a direct result of our team's client-first approach and commitment to driving tangible value for our partners.' Office Market Transactions Soar by 93% The office segment was the standout performer, with sales increasing by 93% year-on-year to reach AED 2.62 billion, supported by a 26% increase in transaction volume. This jump points to sustained demand from both investors and end-users, driven by business expansion, foreign investment inflows and a renewed appetite for ownership over leasing. Business Bay and Jumeirah Lake Towers (JLT) continued to dominate activity, but emerging zones like Motor City and Barsha Heights also climbed the ranks — signaling that decentralised locations offering flexible layouts and competitive pricing are gaining ground. CRC's data also reveals a striking share of transactions coming from off-plan office sales, highlighting a clear market shift towards new, premium developments offering modern infrastructure and flexible configurations. Landmark launches like Omniyat's Lumena tower in Business Bay are setting new benchmarks in workspace design and amenities, attracting both investors and end-users alike. 'The success of off-plan reflects a maturing buyer mindset — long-term occupiers and institutional investors are committing to spaces that match tomorrow's needs, not just today's,' said Bargh. Warehouse Sector Shows Robust Momentum Average sale prices for warehouses hit AED 22.2 million, up a remarkable 107% from the same period last year. This growth is largely attributed to limited supply and strong demand for high-spec assets in established industrial hubs such as Dubai Industrial City, DIP and JAFZA. Larger transaction sizes point to consolidation in the logistics sector, where occupiers are seeking efficient, scalable and strategically located facilities to support regional operations. Leasing Market Accelerates On the leasing front, CRC reported a 30% increase in deals quarter-on-quarter, driven by renewed business formations and expanding tenant demand. The average leasing price for offices rose to AED 480,768, nearly doubling year-on-year (up 95%), indicating robust occupier demand for larger, fitted and strategically located office spaces. To download the full Q2 2025 CRC Commercial Property Market Report, please click here: Media Contact: Lily Assefi Head of Marketing, CRC Property marketing@
Khaleej Times
14-07-2025
- Business
- Khaleej Times
Tech-driven, experiential shopping redefines Dubai retail
Dubai's retail sector is undergoing a dramatic transformation as immersive experiences, digital innovation, and entertainment-led concepts take centre stage. With retail transactions worth Dh587 million recorded in the second quarter of 2025 alone, the emirate is underpinning its status as one of the world's most vibrant consumer markets. According to CRC Property's latest report, The CRC Edit, which tracks retail trends and commercial activity across the UAE, the future of retail is increasingly intertwined with storytelling, technology, and experience. With the announcement of Disneyland Abu Dhabi, the region is poised for an even larger leap into the realm of experiential commerce, positioning itself as a global hub for lifestyle, leisure and retail investment. 'Disneyland Abu Dhabi isn't just a tourism announcement — it's a turning point for how we think about retail and commercial development in the UAE,' said Behnam Bargh, managing director of CRC. 'It signals long-term growth across sectors like hospitality, food and beverage, real estate and especially experiential retail. We expect heightened investor interest, especially around Yas Island, and a ripple effect across Dubai and the wider region.' Retail industry watchers argue that as experiential design becomes the norm and digital fluency defines physical spaces, retail in the UAE is no longer just about shelves and storefronts. It is about 'stories, spectacles and unforgettable journeys — crafted not only to satisfy consumer demand but to shape it,' they said. CRC's Q2 2025 data offers a glimpse into the current strength of Dubai's retail property market. A total of 232 retail transactions were recorded, amounting to Dh587 million in value. The most active locations included Business Bay, Jumeirah Village Circle, Mohammed Bin Rashid City, Arjan, and Dubai Marina — areas that are witnessing strong population growth and evolving consumer demographics. One of the most defining characteristics of Dubai's retail evolution is the integration of technology into physical shopping environments. Nearly 90 per cent of UAE shoppers use digital tools while browsing in-store, and 71 per cent engage with features like augmented reality (AR), interactive kiosks, in-store mobile apps, and QR-activated promotions. The shift isn't just in what consumers buy, but how they want to feel while buying it. Dubai's community malls — once mere convenience centres — are now platforms for digitally enhanced journeys. Smart mirrors, AR fitting rooms, and interactive touchpoints are being introduced at a rapid pace, particularly in mid-sized lifestyle malls catering to younger audiences and families. Global consultancy McKinsey & Co. has observed similar shifts across major retail destinations, noting that 'digital integration and personalization are now critical levers for in-store growth.' In Dubai, this transition is happening faster than in many Western cities, driven by a tech-savvy population and a government pushing digital-first initiatives. Beyond shopping, the dining experience in the city has also evolved dramatically. CRC's report highlights the explosive growth of 'immersive dining,' where theatrical performances, art, and multisensory storytelling now complement culinary excellence. Concepts like Krasota — a 360-degree visual gastronomy theatre — and Le Petit Chef, with its animated 3D tabletop performances, are setting new benchmarks. 'Dubai is no longer satisfied with good food and service,' the report notes. 'It wants spectacle, it wants theatre, it wants story.' This shift reflects a broader trend in the UAE's post-pandemic consumer psyche — one that values novelty, emotion, and Instagrammable moments as much as the core product. Dining out has become about entertainment and engagement, and successful F&B concepts are those that blend taste with surprise. This is reinforced by Dubai's overarching economic strategy. According to a Dubai Chamber of Commerce study, the emirate's retail sales are projected to reach over $70.5 billion in 2025, fuelled by rising tourism, growing affluence, and a flourishing e-commerce ecosystem. Meanwhile, the Dubai Department of Economy and Tourism has outlined plans to make the city the 'experience capital of the world,' with retail playing a central role in that narrative. 'Dubai's retail landscape is no longer just about transactions,' said an industry analyst from CBRE. 'It's about destinations. Whether it's shopping, dining, or leisure, everything is curated, themed and infused with technology. That's where the future is headed — and Dubai is already there.' With developments like Disneyland Abu Dhabi, hyper-themed malls, and immersive retail zones in the pipeline, the trajectory is clear: Dubai is not just adapting to global retail trends; it is setting them.
Zawya
14-07-2025
- Business
- Zawya
Retail reinvented: AED 587mln in Q2 sales reflects Dubai's appetite for immersive, tech-led experiences
Dubai, UAE – As Dubai's retail sector races ahead, with sales projected to exceed $70.5 billion by 2025, the demand for curated, trend-savvy insights has never been greater. The CRC Edit — CRC Property's dynamic new retail mini-magazine that unpacks the stories, shifts and cultural moments shaping the region's fast-evolving commercial landscape. The lead story? One with global impact: Disneyland Abu Dhabi is going to be a catalyst for growth and tourism. This announcement is a milestone for regional tourism and signals the UAE's growing status as a global hub for retail, leisure and experiential commerce. However, it's just the tip of the iceberg. Behnam Bargh, Managing Director of CRC, commented: 'The announcement of Disneyland Abu Dhabi marks a defining moment for the region. This isn't just a boost for tourism, it's a long-term catalyst for growth across hospitality, retail, F&B and real estate. With global attention turning to Yas Island, we anticipate a surge in investor interest and commercial activity that will elevate Abu Dhabi's position as a global entertainment and lifestyle hub.' Retail by the Numbers – Q2 Insights from CRC Dubai recorded 232 retail transactions totalling AED 587M in Q2 2025, with top-performing areas including Business Bay, JVC, MBR City, Arjan and Dubai Marina. The appetite for well-positioned retail spaces shows no sign of slowing. Current trends on the forefront of the retail market include a heavy tech-driven customer journey, particularly in community malls across the city, where more retailers are incorporating augmented reality installations, smart mirrors and interactive touchpoints to create curated and immersive shopping environments. The magazine states that today, almost 9 in 10 UAE shoppers rely on digital tools while browsing in-store and 71% report interacting with features such as AR displays, in-store apps, kiosks and QR activations during their last visit. Dubai's Dining Goes Experiential: The Rise of Immersive Dining Concepts Forget just food. The CRC Edit shines a light on how Dubai is a city that demands the extraordinary. The culinary scene is no longer limited to taste alone. It has evolved into a stage, a story and a spectacle. From Krasota's 360° visual gastro-theatre to Le Petit Chef's whimsical 3D table-top performances, restaurants are transforming into immersive experiences that blend flavour, design, art and storytelling. In a city where expectations are constantly being redefined, experiential dining has become the new benchmark for success. About CRC Property CRC Property is the UAE's leading commercial real estate brokerage, offering expert guidance across retail, office, industrial and investment advisory. Backed by over decades of regional expertise and global standards, CRC is a trusted partner for landlords, tenants and investors seeking to navigate the dynamic commercial property landscape of the UAE. With a dedicated team of sector specialists and access to one of the largest commercial databases in the country, CRC delivers data-driven insights, tailored brokerage services and full-spectrum support. For more information, head to:
