LIVE · DLD ledger · refreshed just now
Independent · DLD-benchmarked
Reviews DLD Ledger Commercial Areas Blog
FROM THE EDITORIAL DESK

The OSNOVA blog.

Market analysis, regulation walk-throughs, head-to-head comparisons. New articles every Wednesday and Sunday.

Market analysis · Price cycle

Dubai office prices have quadrupled since 2020 — here's the exact climb

The market median for a Dubai office went from AED 650 a square foot in 2020 to AED 2,798 in the first eight months of 2026 — a 4.3x move in six years, with almost all of the gain packed into the last three.

Aleksandr Maksimenko·26 Aug 2026·8 min
Market analysis · Price cycle

Sports City offices are up 5.2× since 2020 — and that's the warning sign, not the win

Ranked by price growth off the pandemic floor, Sports City tops every district in Dubai's office market. Its rent fell 62% over the past decade — about three and a half times the market-wide decline.

Aleksandr Maksimenko·23 Aug 2026·8 min
Market analysis · Yield & strategy

DIP yields 14.2% a year on offices. DIFC, the fastest-growing district, isn't even on this list.

Rank Dubai's office districts by rental yield and by ten-year price growth, and you get two different leaderboards with almost no overlap at the top.

Aleksandr Maksimenko·19 Aug 2026·8 min
Off-plan

Off-plan was 0.1% of Dubai office sales in 2021. It's 64.9% now.

In five years the office market flipped from almost entirely ready stock to a majority off-plan market. Told in four phases — the fade, the freeze, the slow return, and the flip.

Aleksandr Maksimenko·16 Aug 2026·9 min
Market analysis · Districts

The office district that grew the most in ten years isn't Business Bay. It's DIFC.

Rank every tracked district by ten-year price growth and Business Bay — the market's biggest, most liquid office district — comes in sixth.

Aleksandr Maksimenko·12 Aug 2026·9 min
Market analysis · Market structure

Two districts now account for most Dubai office deals — down from 87% in three

Business Bay and JLT anchor the market every year on record. A decade ago they needed a third district to hit 77–87% of all deals. Today the top three barely clear 60%.

Aleksandr Maksimenko·9 Aug 2026·8 min
Market analysis · Location premium

The office next to Emirates Towers metro station costs 2.98× the one by Rashidiya

Rank Dubai office transactions by proximity to their nearest metro station and a clean price ladder appears — from AED 4,359 a square foot to AED 1,463.

Aleksandr Maksimenko·5 Aug 2026·8 min
Market analysis · Buildings

One building alone did 520 office deals. Here's where Dubai's office market actually trades.

Rank buildings by transaction count rather than district and the map changes. A handful of towers carry outsized liquidity, at price points from AED 1,475 to AED 4,667 a square foot.

Aleksandr Maksimenko·2 Aug 2026·8 min
Market analysis · Building profile

Inside DIFC / World Trade Centre — Dubai's original business district, priced at AED 5,016 a square foot

One of the oldest institutional office clusters in Dubai, tracked here since 2015. Told across four eras — the stable years, the gap, the resumption, and the sharp 2026 climb.

Aleksandr Maksimenko·29 Jul 2026·9 min
Market analysis · Buyer structure

Only 12% of Dubai office deals now use a mortgage — about a third of the 2018 share

In 2018, roughly two in five office purchases in Dubai involved a registered mortgage. By 2026 that's fallen to about one in eight — while deal volume rose and the average check size roughly quadrupled.

Aleksandr Maksimenko·26 Jul 2026·8 min
Market analysis · Capital markets

Dubai closed 2025 with AED 917 billion in transactions — and only three REITs

270,000+ transactions, up 20% YoY. Over 90% still flow through individual buyers and HNWIs. The institutional capital gap — and what's closing it.

Aleksandr Maksimenko·6 Jul 2026·7 min
Market analysis · India–UAE

India runs on UAE oil. Dubai runs on Indian capital.

UAE ranks #4 among India's crude suppliers at 435,000 barrels a day. Indian nationals are Dubai's largest foreign property buyer group — by volume and by value.

Aleksandr Maksimenko·1 Jul 2026·6 min
Market analysis · Rentals

Foreign investors earned $24.9 billion in Dubai rentals — in four months

AED 91.3 billion in annual rent registered across 198,650 freehold contracts, January 1 – May 9, 2026. April volume alone hit AED 26.5B — up 69% on February.

Aleksandr Maksimenko·30 Jun 2026·6 min
Market analysis · UAE

UAE sovereign funds hold $2.65 trillion — four times annual GDP

Seven UAE funds sit in the global top 25, holding $2.65T combined — 4.4x the country's 2025 GDP. ADIA alone manages $1.2T, ranking #4 worldwide.

Aleksandr Maksimenko·30 Jun 2026·7 min
Market analysis · Global

Real estate is the biggest real asset on earth — $380 trillion

Global asset classes 2024: real estate sits at $380T — bigger than stocks, bonds, and cash combined. The only asset that earns, appreciates, and collateralizes at once.

Aleksandr Maksimenko·30 Jun 2026·6 min
Global Luxury Index

Dubai is the 2nd fastest-growing luxury market on the planet

Knight Frank 2025: Dubai luxury +25.1%, second only to Tokyo. But 1,195 listings have active price cuts. AED 863M in discounts.

Aleksandr Maksimenko·13 Jun 2026·7 min
Market analysis · UAE

Abu Dhabi is closing the gap with Dubai — the data now proves it

In eleven months, the monthly sales-volume spread between the two emirates collapsed from AED 44.7B to AED 26.8B. February was an all-time record for Abu Dhabi.

Aleksandr Maksimenko·13 Jun 2026·8 min
Market analysis

The UAE is the 9th largest exporter on the planet

USD 707 billion in goods export, on par with South Korea, ahead of France. For a country of 10 million people. The trade-intensive economy thesis for industrial real estate.

Aleksandr Maksimenko·10 Jun 2026·7 min
Market analysis

The emirate that didn't blink — Abu Dhabi resilience in 2026

Abu Dhabi posted its second-best property month on record in March 2026 while Dubai developers paused. The structural case for the capital.

Aleksandr Maksimenko·8 Jun 2026·9 min
Market analysis

ADGM keeps growing — even during a war

BlackRock, State Street, Hillhouse opened or licensed in ADGM since the regional conflict started. AUM grew 36% in 2025. 347 financial institutions now operating.

Aleksandr Maksimenko·5 Jun 2026·6 min
Off-plan

Aldar × Mubadala launch the largest project on Al Maryah Island

AED 60B+ joint venture, 1.5M sqm GFA, doubling ADGM Grade A office supply. The structural impact for Abu Dhabi commercial real estate.

Aleksandr Maksimenko·1 Jun 2026·8 min
Market analysis

Dubai vs Abu Dhabi: the real estate spread nobody is talking about

Until 2008 they moved in lockstep. Today Dubai trades at nearly 2× Abu Dhabi's price per square metre. The spread compression thesis.

Aleksandr Maksimenko·28 May 2026·10 min
Market analysis

The Middle East reset — and why Dubai just got more interesting

The IMF's April 2026 update broke the Middle East selectively. Five economies contracting, UAE growing +3.1% then accelerating to +5.3% in 2027.

Aleksandr Maksimenko·22 May 2026·8 min
Market analysis

Population is the trigger — why UAE real estate keeps moving

UAE population grew +250% since 2000 — second globally only to Qatar. The simplest, most reliable trigger for property prices.

Aleksandr Maksimenko·18 May 2026·7 min
Market analysis

Tourism is under pressure. The market is not.

UAE tourism receipts hit 10.3% of GDP — the highest of any major economy. Why this is a shock, not a structural break.

Aleksandr Maksimenko·12 May 2026·6 min
New articles every Wednesday and Sunday · indexed across Google, Yandex, and Bing RSS feed