Dubai’s office property market is witnessing remarkable activity, with waiting lists for premium spaces growing rapidly. According to Gulf News, Indialand Group, led by founder Harish Fabiani, has made significant moves with a series of major acquisitions in the city.

Just days after purchasing the Thuraya Telecommunications Tower in Barsha for Dh160 million, Fabiani acquired 45,000 square feet of leased office space at Burj Daman in DIFC. Fabiani shared that Dubai’s ease of operations enables fast-paced acquisitions.

The Burj Daman purchase is expected to generate an annual rental income of Dh20 million, boosting Indialand’s revenue. Combined with other recent acquisitions, the valuation of the group’s real estate holdings has increased by Dh250 million.

The Thuraya Tower purchase includes plans for a Dh40 million upgrade, enhancing its value further. Situated near Dubai Internet City Metro Station, the property spans 143,000 square feet of office and retail space.

Fabiani highlighted that some leases in his portfolio are due to expire within 12 months, paving the way for rent increases amid rising demand. He noted that the company relies mostly on equity, minimizing debt for its acquisitions.

The surge in Dubai’s office market extends beyond private investors. Abu Dhabi-based Aldar recently acquired a Dh2.3 billion under-construction commercial tower in DIFC, reflecting consistent demand for high-quality office spaces.

Experts told *Gulf News* that Dubai’s office property market will likely see more deals, as investors are willing to pay top prices for leased commercial real estate. One developer remarked that strong offers could compel property owners to sell, further boosting activity in this thriving sector.