| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 79.31 Million |
| Market Size (2030) | USD 113.64 Million |
| CAGR (2025 - 2030) | 7.46 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UAE Co-working Space Market Analysis
The United Arab Emirates Co-working Space Market size is estimated at USD 79.31 million in 2025, and is expected to reach USD 113.64 million by 2030, at a CAGR of 7.46% during the forecast period (2025-2030).
- The UAE co-working space market is in its growth stage. According to a 2021 research study conducted by Tide, a UK-based business financial platform, the United Arab Emirates had only 1.74 co-working spaces per 100,000 persons. As per Coworker, an online marketplace listing co-working spaces worldwide, the United Arab Emirates stands at a total of 176 spaces.
- Dubai has been slow to adapt to the new co-working trend, primarily due to its restrictive regulatory framework and complex licensing regime. The majority of the Emirate's large free zones currently offer their flex-space solutions and have placed restrictions on third-party operators entering these key markets, thereby limiting the growth of this sector.
- COVID-19 significantly impacted the market, including the United Arab Emirates. The demand for shared office spaces dropped throughout the lockdown. Huge businesses canceled flexible office memberships to save on costs.
- While some co-working space operators remained open for business, they were mandated to adhere to safety and social distancing measures, which considerably impacted the space allocated for occupants within a shared location.
- However, post-pandemic, businesses are finding ways to avoid big-ticket spending and huge financial commitments. This factor, in turn, may drive the demand for pre-built corporate spaces and lease flexibility. The rising number of SMEs and start-ups across various industries is likely to be one of the key factors for the growth of co-working spaces during the forecast period.
UAE Co-working Space Market Trends
Increase in the Millennial Population
Millennials are changing the work culture and demanding new ways of working. The UAE real estate sector focuses on the changing demands of working and workspaces and reacting to future needs. In recent times, a new way of working has been using co-working spaces, a shared environment where people doing different jobs can work together and separately within the same space. The spaces are often very urban, stylish, and far removed from some of the more severe 'cubicle farms' of recent times. These new-age offices allow for freedom, flexibility, and a wide range of work environments.
More millennials are joining the workforce, and their presence requires a transformational shift in the workplace perspective. There are 14,000 operational co-working spaces globally, and by the end of this year, some 1.7 million people, mostly millennials, will have taken advantage of the new working conditions offered by co-working spaces. According to industry sources, as of 2021, nearly 65% of the population of the United Arab Emirates was aged between 25 and 54, which is around 6.5 million people, representing the new workforce with its bold new ideas.
Understand The Key Trends Shaping This Market
Download PDF
Rising Number of SMEs and Start-ups
Small and Medium-sized Enterprises (SMEs) are considered the backbone of Dubai's economy. As of January 2021, according to the Ministry of Economy, the SME sector represented more than 94% of the total number of companies operating in the country and provided jobs for more than 86% of the private sector's workforce.
In Dubai, SMEs make up nearly 95% of all companies, employing 42% of the workforce and contributing around 40% to Dubai's GDP. Even though Dubai's SME sector is growing at a moderate rate, the rising cost of business operations, which includes the high rental cost of commercial properties, has started to influence many upcoming small businesses to look for cost-effective alternatives.
This trend has created fresh opportunities for co-working service providers to accommodate small business owners. As a result, Dubai is now witnessing a massive boom in co-working culture, with co-working spaces mushrooming all over the Emirates.
Get Analysis on Important Geographic Markets
Download PDF
UAE Co-working Space Industry Overview
The UAE co-working space market is fairly fragmented, with the presence of several private and government-owned co-working spaces. The market is expected to grow during the forecast period due to huge investments and funding being received by companies in the industry.
Some of the key players in the market include WeWork, Regus, WitWork, LetsWork, Nasab by KOA, A4 Space, AstroLabs, Nook, Nest, and Our Space. In addition to private companies, initiatives taken by the Dubai government to foster an entrepreneurial environment and nurture start-ups have enabled the co-working culture to flourish in Dubai. Some of the government's co-working centers across Dubai include JLT and DTEC & TECOM.
UAE Co-working Space Market Leaders
-
WeWork
-
Regus
-
LetsWork
-
WitWork
-
AstroLabs
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
UAE Co-working Space Market News
February 2022: Dubai co-working platform Letswork acquired Portugal-based competitor Krow for an undisclosed amount. Founded in 2019, Letswork allows users to work in a network of co-working spaces, hotels, and cafes across the world with one membership.
January 2022: Cloud Spaces launched a state-of-the-art co-working facility at Yas Mall in Abu Dhabi to support and empower freelancers, entrepreneurs, and small businesses. Cloud Spaces is Aldar's pioneering brand of flexible workspace solutions that aim to support businesses and empower creativity.
UAE Co-working Space Industry Segmentation
Co-working spaces refer to working arrangements in which people from different teams and companies come together to work in a single shared space. Co-working space is characterized by shared facilities, services, and tools. Sharing infrastructure in this way helps spread the cost of running an office across members. The UAE co-working space market size indicates the revenue generated by co-working space companies in the country.
The report covers a complete background analysis of the UAE co-working space market, which includes an assessment of the sector and contribution of the sector to the economy, market overview, market size estimation for key segments, key developments and emerging trends in the market segments, market dynamics, and key statistics.
The UAE co-working space market is segmented by type (new spaces, expansions, and chains), by application (information technology [IT and ITES], legal services, BFSI, consulting, and other services), end user (small to medium-sized enterprises [SMEs] and large-scale corporations), and geography (Abu Dhabi, Dubai, Sharjah, and Other Cities). The report offers the market size and forecasts in value (USD million) for all the above segments.
| By Business Type | New Spaces |
| Expansions | |
| Chains | |
| By Application | Information Technology (IT and ITES) |
| Legal Services | |
| BFSI (Banking, Financial Services, and Insurance) | |
| Consulting | |
| Other Services | |
| By End User | Small to Medium-sized Enterprises (SMEs) |
| Large-scale Corporations | |
| By Geography | Dubai |
| Abu Dhabi | |
| Sharjah | |
| Other Cities |
Need A Different Region or Segment?
Customize Now
UAE Co-working Space Market Research FAQs
How big is the United Arab Emirates Co-working Space Market?
The United Arab Emirates Co-working Space Market size is expected to reach USD 79.31 million in 2025 and grow at a CAGR of 7.46% to reach USD 113.64 million by 2030.
What is the current United Arab Emirates Co-working Space Market size?
In 2025, the United Arab Emirates Co-working Space Market size is expected to reach USD 79.31 million.
Who are the key players in United Arab Emirates Co-working Space Market?
WeWork, Regus, LetsWork, WitWork and AstroLabs are the major companies operating in the United Arab Emirates Co-working Space Market.
What years does this United Arab Emirates Co-working Space Market cover, and what was the market size in 2024?
In 2024, the United Arab Emirates Co-working Space Market size was estimated at USD 73.39 million. The report covers the United Arab Emirates Co-working Space Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United Arab Emirates Co-working Space Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Coworking Space in UAE Industry Report
Statistics for the 2025 United Arab Emirates Co-working Space market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Co-working Space analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
