diff --git a/gax-java/dependencies.properties b/gax-java/dependencies.properties
index 3dc2183988..a41774c6a9 100644
--- a/gax-java/dependencies.properties
+++ b/gax-java/dependencies.properties
@@ -35,8 +35,8 @@ version.io_grpc=1.62.2
 # It should be constructed the following way:
 #   1) Take full artifact id (including the group and classifier (if any) portions) and remove version portion.
 #   2) Replace all characters which are neither alphabetic nor digits with the underscore ('_') character
-maven.com_google_api_grpc_proto_google_common_protos=com.google.api.grpc:proto-google-common-protos:2.37.1
-maven.com_google_api_grpc_grpc_google_common_protos=com.google.api.grpc:grpc-google-common-protos:2.37.1
+maven.com_google_api_grpc_proto_google_common_protos=com.google.api.grpc:proto-google-common-protos:2.39.1
+maven.com_google_api_grpc_grpc_google_common_protos=com.google.api.grpc:grpc-google-common-protos:2.39.1
 maven.com_google_auth_google_auth_library_oauth2_http=com.google.auth:google-auth-library-oauth2-http:1.23.0
 maven.com_google_auth_google_auth_library_credentials=com.google.auth:google-auth-library-credentials:1.23.0
 maven.io_opentelemetry_opentelemetry_api=io.opentelemetry:opentelemetry-api:1.38.0
@@ -67,10 +67,10 @@ maven.com_google_errorprone_error_prone_annotations=com.google.errorprone:error_
 maven.com_google_j2objc_j2objc_annotations=com.google.j2objc:j2objc-annotations:2.8
 maven.com_google_auto_value_auto_value=com.google.auto.value:auto-value:1.10.4
 maven.com_google_auto_value_auto_value_annotations=com.google.auto.value:auto-value-annotations:1.10.4
-maven.com_google_api_api_common=com.google.api:api-common:2.29.1
+maven.com_google_api_api_common=com.google.api:api-common:2.31.1
 maven.org_threeten_threetenbp=org.threeten:threetenbp:1.6.9
-maven.com_google_api_grpc_grpc_google_iam_v1=com.google.api.grpc:grpc-google-iam-v1:1.32.1
-maven.com_google_api_grpc_proto_google_iam_v1=com.google.api.grpc:proto-google-iam-v1:1.32.1
+maven.com_google_api_grpc_grpc_google_iam_v1=com.google.api.grpc:grpc-google-iam-v1:1.34.1
+maven.com_google_api_grpc_proto_google_iam_v1=com.google.api.grpc:proto-google-iam-v1:1.34.1
 maven.com_google_http_client_google_http_client=com.google.http-client:google-http-client:1.44.1
 maven.com_google_http_client_google_http_client_gson=com.google.http-client:google-http-client-gson:1.44.1
 maven.org_codehaus_mojo_animal_sniffer_annotations=org.codehaus.mojo:animal-sniffer-annotations:1.23