Grade A offices in Dubai: DMCC launches One Uptown Place and Two Uptown Place
DMCC is adding two office towers to Uptown Dubai — 21 and 15 storeys, more than 560,000 sq ft of Grade A space and 82,000 sq ft of retail. Leasing opens in the second half of 2026 and completion is due in Q1 2028, taking the district past 1m sq ft. What it means for nearby owners.
On 22 April 2026 DMCC — the free zone authority that runs the business cluster around Jumeirah Lakes Towers — announced two new office towers in Uptown Dubai: One Uptown Place and Two Uptown Place. They will stand next to Uptown Tower on Sheikh Zayed Road and extend a district designed as a business centre where JLT, Dubai Marina and Emirates Hills meet.
The specification
- Two towers of 21 and 15 storeys.
- More than 560,000 sq ft of Grade A offices.
- Units from 2,100 to 17,600 sq ft, with some duplex offices linked by private staircases.
- 82,000 sq ft of retail.
- Leasing opens in the second half of 2026; completion is targeted for Q1 2028.
With them, Uptown Dubai's commercial space will exceed one million square feet. DMCC is building to lease, not to sell floor by floor — the position of a landlord that sees demand years ahead.
Why now
Dubai's office market is in its third year of shortage. JLL puts overall vacancy at 6.1% in Q2 2026, with Grade A rents up 26.2% year on year and Grade B up 31.5%; prime space is effectively full. Tens of thousands of companies are registered with DMCC, and some are growing faster than space frees up. Two towers by 2028 answer that demand, but on the scale of the market they are modest — see our look at whether Dubai faces an office glut.
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What it means for residential owners nearby
Offices bring tenants with corporate budgets who want to live within walking distance of work. Uptown Dubai already has residential and hotel-branded homes such as SO/ Uptown Dubai, and Ellington is building Mercer House next door. More offices on the block mean steadier demand for those apartments and less dependence on the tourist season.
- For landlords: thousands of new jobs within walking distance by 2028.
- For the neighbourhood: 82,000 sq ft of retail brings the restaurants and services the district still lacks.
- The caveat: construction until 2028, and DMCC's offices will compete with private owners in older JLT towers for occupiers.
For office investors
If you own an office in JLT, the new towers are a reference point rather than a threat: DMCC will let Grade A space at market rents, which pulls up rents in neighbouring buildings. The risk sits with older towers with weak building systems, whose tenants may move when offered a new floor next door.
Homes, residences and completion dates in the district are on the Uptown Dubai page.
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