Dubai, UAE — Dubai’s Dubai Grade A office supply pipeline remains constrained in core business districts, even as corporate demand and prime rents hold firm. Against that backdrop, OMNIYAT’s ENARA tower in Marasi Bay has moved into its main construction phase after completing enabling works — a milestone that reinforces continued depth in the emirate’s premium commercial segment.
OMNIYAT confirmed that enabling works at ENARA by OMNIYAT are complete, including 100 per cent of piling, and that Dutco has been appointed as the main contractor. With mobilisation now underway, the development has entered the superstructure phase. Over the course of 2026, the structure is expected to rise to Level 10, with mechanical, electrical and plumbing works and interior finishes progressing up to Level 5. Façade works are scheduled to commence later in the year.
Located in Marasi Bay within the Burj Khalifa District, ENARA is positioned as OMNIYAT’s flagship ultra-prime commercial tower. The project is fully sold out, reflecting sustained appetite for premium office stock in central Dubai, where Dubai Grade A office supply has struggled to keep pace with occupier requirements from financial services firms, family offices, global corporates and regional headquarters expansions.
Prime Office Depth Tested in 2026
Dubai’s commercial market has experienced tightening vacancy rates in its most established zones, particularly DIFC and Downtown corridors, as new completions remain selective. Market reports from brokers including CBRE and Knight Frank over the past year have highlighted upward rental pressure in prime Grade A segments, driven by international business relocations and domestic expansion.
Within that context, the progress of ENARA adds future supply visibility, but not immediate relief. The building is designed around exclusive single-tenant floorplates, private lift access and landscaped terraces, signalling its positioning toward top-tier occupiers rather than broad multi-tenant leasing.
Peter Stephenson, Co-Managing Director of OMNIYAT, said the transition into main works represents a significant milestone for the company’s commercial strategy. “ENARA represents a defining moment in our commercial real estate strategy and in the evolution of Marasi Bay as a global business destination,” he said, adding that the appointment of Dutco marks an important step in delivering the tower following strong market response.
Marasi Bay’s Commercial Positioning
Marasi Bay has gradually evolved into a mixed-use waterfront district combining hospitality, branded residences and now high-specification office product. ENARA joins OMNIYAT’s wider portfolio in the area, including The Lana, VELA and VELA Viento, consolidating the developer’s presence in what is emerging as a premium commercial-residential cluster.
The tower has already achieved Platinum pre-certification for LEED, along with Platinum certification for WiredScore and SmartScore — making it the first triple-Platinum office building in the UAE. It is also targeting WELL Building Platinum certification. In an environment where multinational occupiers increasingly require ESG-compliant workspace, sustainability credentials are becoming central to leasing decisions, particularly among financial institutions and global advisory firms.
This focus aligns with broader corporate relocation trends, as Dubai continues to attract international capital and businesses seeking regional headquarters within a stable regulatory framework.
Sold-Out Signal and Capital Confidence
The fact that ENARA is fully sold out prior to superstructure progression reduces market risk typically associated with speculative commercial developments. In practical terms, forward absorption is already secured, insulating the project from near-term leasing volatility.
Stephenson noted that the milestone “reinforces the strong confidence the market has placed in this exceptional development,” underscoring investor appetite for limited ultra-prime office stock.
However, while current demand remains resilient, the broader Dubai Grade A office supply landscape will depend on delivery timing and corporate expansion cycles over the next two to three years. A surge in new completions between 2027 and 2028 could test rental growth sustainability if global economic conditions soften or if tenant expansion moderates.
Execution and Delivery Watchpoints
With main works now awarded, construction execution becomes the next critical variable. The project timeline calls for subcontractor packages to be progressively awarded throughout 2026, while structural and façade works advance. Maintaining schedule discipline will be essential in preserving buyer confidence and ensuring that projected delivery aligns with corporate occupancy planning.
Dubai’s construction sector has demonstrated capacity to handle high-value projects, but labour intensity and supply chain variables remain structural considerations for the broader market.
What To Watch
For observers of the Dubai Grade A office supply cycle, the key indicators ahead include vacancy movements in core districts, rental trajectory in DIFC and Downtown corridors, and the pace of new commercial announcements in 2026. If additional ultra-prime launches remain limited, projects like ENARA could benefit from continued scarcity value.
For institutional investors and office landlords, the milestone signals sustained capital allocation toward premium commercial real estate. For occupiers, it highlights that high-specification stock in central waterfront districts remains finite.
The progress at ENARA therefore reflects not only a construction update, but also a broader narrative about Dubai’s evolving commercial maturity — where supply discipline, ESG compliance and capital commitment increasingly shape the next phase of growth.
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