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fäm Properties has facilitated the sale of approximately 40,000 sq ft of Grade A office space at Vision Tower in Business Bay, Dubai, for AED 124 million. The transaction, described by the company as the largest commercial office deal of its kind recorded in Dubai, involved the acquisition of a contiguous block of office space spread across multiple floors by a UAE-based company. The purchase forms part of the buyer’s expansion strategy and highlights continued demand for premium office assets in established business districts. The deal also reflects sustained occupier and investor interest in institutional-grade commercial properties amid ongoing activity across Dubai’s key office markets.
fäm Properties has completed the sale of approximately 40,000 sq ft of Grade A office space at Vision Tower in Dubai’s Business Bay district for AED 124 million, marking one of the largest commercial office transactions recorded in the emirate.
The transaction involved a contiguous block of office space spread across multiple floors within Vision Tower, a prominent commercial development located in one of Dubai’s established business hubs. According to the company, the office asset was acquired by a UAE-based corporate occupier as part of its ongoing business expansion plans.
The deal underscores continued demand for high-quality office assets in Dubai’s prime commercial districts, where occupiers and investors remain focused on well-located buildings offering modern specifications and strong long-term value.
Firas Al Msaddi, Chief Executive Officer of fäm Properties, said the transaction reflected sustained confidence among local businesses in Dubai’s commercial real estate sector. He noted that investors and occupiers continue to prioritise established business locations and institutional-quality assets when making acquisition decisions.
According to Al Msaddi, demand for premium office space has remained steady, particularly among buyers seeking strategic locations, strong building quality and suitable tenant profiles. He added that assets meeting these criteria continue to attract market interest despite evolving economic and business conditions.
The transaction was led by the commercial division of fäm Properties under the supervision of Daniel McCullagh, Commercial Sales Manager. McCullagh stated that deals of this scale typically require extensive due diligence processes, involvement from multiple stakeholders and detailed commercial structuring before completion.
The company’s commercial advisory team provided support on transaction execution and pricing benchmarks, drawing upon market intelligence and transaction records maintained by the Dubai Land Department. These benchmarks were used to assess asset values and prevailing demand trends across the Business Bay office market.
Business Bay remains one of Dubai’s largest commercial districts, accommodating a mix of corporate headquarters, multinational companies, professional services firms and investment entities. The area has continued to attract office occupiers due to its connectivity, modern infrastructure and proximity to key business and residential locations.
The transaction further adds to the activity being handled by fäm Properties’ commercial real estate division, which advises investors, occupiers and landlords across Dubai’s principal office markets. The company noted that large-format office mandates continue to form an important segment of its commercial brokerage operations.
The sale also highlights the ongoing appeal of Grade A office assets in Dubai, where demand for high-quality workspace remains supported by business expansion, corporate relocations and continued economic growth across key sectors of the emirate’s economy.
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