Dubai Real Estate Market Report
Market Overview
Total market snapshot across all segments.Resumen general del mercado en todos los segmentos.
What this means
Volume leads, prices follow. The market is correcting first in number of deals, while price per sqft remains above last year.
El volumen se mueve primero y los precios después. La corrección está ocurriendo en cantidad de operaciones, no todavía en precio.
“The key point is not that Dubai is crashing. The key point is that buyers are becoming more selective.”
“La clave no es que Dubái esté en crisis. La clave es que el comprador está siendo más selectivo.”
Sales by Category
Apartments, villas and commercial: primary and secondary breakdown.Apartamentos, villas y comercial: desglose primario y secundario.
Sales value by category
Detailed table
| Type / Segment | Volume | MoM | YoY | Value |
|---|
+146.5% YoY is the standout anomaly.
+146.5% interanual es la anomalía principal.
Apartments show oversupply pressure.
Apartamentos muestran presión por sobreoferta.
Secondary villas nearly match apartments in value despite far lower volume.
Villas de reventa casi igualan el valor de apartamentos con mucho menos volumen.
Plot Sales Analysis
Land is the smart-money signal inside the correction.Los terrenos son la señal de dinero inteligente dentro de la corrección.
Primary price / sqft
| Type | AED/sqft | vs 2025 | vs 2014 |
|---|---|---|---|
| Apartment | 1,654 | ▼ 8.8% | ▲ 35.3% |
| Plot | 467 | ▲ 1.1% | ▲ 63.1% |
| Villa | 1,820 | ▲ 21.1% | ▲ 195% |
Resale price / sqft
| Type | AED/sqft | vs 2025 | vs 2014 |
|---|---|---|---|
| Apartment | 1,577 | ▲ 3.6% | ▲ 31.9% |
| Plot | 1,000 | ▲ 75.4% | ▲ 141.5% |
| Villa | 1,490 | ▼ 0.5% | ▲ 106.5% |
Only 133 plot transactions generated 4.2B AED. Secondary land at 1,000 AED/sqft vs primary at 467 AED/sqft means a 114% premium for titled land.
Solo 133 transacciones de terrenos generaron 4.2B AED. Terreno de reventa a 1,000 AED/pie² vs 467 AED/pie² en primario: prima de 114% por tierra titulada.
Rental Price Overview
Median annual rents in May 2026.Rentas anuales medianas en mayo 2026.
Simple read
Apartment rents are flat, suggesting a mid-market ceiling. Villas softened. Commercial rent spiked sharply and should be monitored, not over-sold as organic growth.
Apartamentos están planos, señal de techo en mercado medio. Villas bajan. Comercial sube de forma extrema y debe monitorearse; no venderlo como crecimiento orgánico normal.
Broker note
Use the commercial figure carefully: the original report flags it as likely event-driven or methodology-related.
Usar la cifra comercial con cuidado: el reporte la marca como posible efecto puntual o cambio metodológico.
Demand Hotspots
Top areas by value and by volume.Zonas principales por valor y por volumen.
By sales value — AED
| 1Business Bay · Apartments / Commercial | ~3.0B |
| 2Wadi Al Safa 3 · Villas / Plots | ~1.6B |
| 3Dubai South · Mixed | ~1.5B |
| 4Dubai Islands · Mixed | ~1.4B |
| 5Palm Jumeirah · Luxury / Villas | ~1.2B |
By sales volume — units
| 1Dubai South · Mass market | ~1,300 |
| 2Wadi Al Safa 3 · Villas / Plots | ~950 |
| 3Wadi Al Safa 5 · Villas / Plots | ~680 |
| 4Al Barsha South 4th · Mixed | ~520 |
| 5Jabal Ali First · Mixed | ~500 |
Business Bay is premium: high value, not top-five by volume. Dubai South is the opposite: highest volume at mid-range pricing. Wadi Al Safa 3 is the most balanced hotspot because it ranks top two in both value and volume.
Business Bay es premium: mucho valor, pero no top cinco en volumen. Dubai South es lo contrario: líder en volumen con precios medios. Wadi Al Safa 3 es la zona más equilibrada: top dos en valor y volumen.
Buyer Profile by Budget
Click between all market, primary and resale.Haz clic entre mercado total, primario y reventa.
Sales volume by price range
Conclusion
Primary is affordability-driven: 75% is below 2M AED. Resale has a wealthier profile: 25% of resale deals are above 3M AED, versus 14% in primary.
Primario está impulsado por accesibilidad: 75% está por debajo de 2M AED. Reventa tiene comprador de mayor poder: 25% supera 3M AED, frente a 14% en primario.
Volume Timeline
June 2025 to May 2026 — key inflection points.Junio 2025 a mayo 2026 — puntos clave.
Monthly sales volume
Critical market signal
The market peaked near 20K monthly transactions in mid-2025. May 2026 at 10K is half of peak. The April recovery was not sustained.
El mercado llegó a casi 20K transacciones mensuales a mediados de 2025. Mayo 2026 está en 10K: la mitad del pico. La recuperación de abril no se sostuvo.
The Long Game
2014–2026, a 12-year perspective.2014–2026, perspectiva de 12 años.
Average monthly sales volume
Big picture
2026 at ~10K monthly transactions is still almost 3× the pre-boom 2014–2019 average of ~3.5K. This is normalization after a supercycle.
2026 con ~10K transacciones mensuales sigue siendo casi 3× el promedio pre-boom 2014–2019 de ~3.5K. Es normalización después de un superciclo.
Price resilience
Resale fell from 1,078 AED/sqft in 2014 to 636 AED/sqft in 2020, then recovered +143% to around 1,547 AED/sqft. Primary now sits around 1,680 AED/sqft, about 75% above 2014.
Reventa cayó de 1,078 AED/pie² en 2014 a 636 AED/pie² en 2020; luego recuperó +143% hasta ~1,547 AED/pie². Primario está en ~1,680 AED/pie², cerca de 75% por encima de 2014.
Primary vs Resale & Finance
Market structure and buyer profile.Estructura del mercado y perfil del comprador.
Volume share
Value share
Mortgage — resale
| Total value | 17.5B AED | ▲ 21.3% MoM | ▲ 16.8% YoY |
| Transactions | 2,573 | ▼ 36.9% MoM | ▼ 44.9% YoY |
Approx. average mortgage deal: ~6.8M AED.
Resale punches above its weight: 26% of transactions but 36% of value. The report states that 70% of resale transactions are cash, confirming HNW depth in the secondary market.
Reventa pesa más de lo que parece: 26% de operaciones pero 36% del valor. El reporte indica que 70% de las operaciones de reventa son cash, señal de compradores HNW en secundario.
Trophy Assets
Most expensive deals in May 2026.Operaciones más costosas en mayo 2026.
Most expensive apartments
| 1Solaya 5 · Jumeirah First | 113M AED |
| 2Solaya 6 · Jumeirah First | 106M AED |
| 3One Casa · Al Wasl | 101M AED |
| 4Orla by Omniyat · Palm Jumeirah | 58M AED |
| 5Como Residences · Palm Jumeirah | 57M AED |
Most expensive villas
| 1Signature Villas · Palm Jumeirah | 145M AED |
| 2Palm Jumeirah · Frond Villa | 85M AED |
| 3Emirates Hills · Sector E | 75M AED |
| 4Al Barari · The Nest | 72M AED |
| 5District One West · MBR City | 70M AED |
Three apartment deals above 100M AED in one month. The ultra-luxury tier remains insulated from the volume correction.
Tres apartamentos por encima de 100M AED en un solo mes. El ultra lujo sigue aislado de la corrección de volumen.
Best Selling Projects
Click the segment to switch tables.Haz clic en el segmento para cambiar la tabla.
Primary apartments
| # | Project | Volume | Value AED | Median AED |
|---|
The Big Picture
Final view for brokers.Resumen final para brokers.
Volume correction
10K transactions: half of peak, but still 3× the pre-boom baseline.
10K operaciones: mitad del pico, pero aún 3× la base pre-boom.
Prices holding
AED/sqft is up 3% YoY overall. No price crash signal.
AED/pie² sube 3% interanual. No hay señal de crash en precio.
Secondary resilience
26% of volume, 36% of value; cash buyers dominate.
26% del volumen, 36% del valor; compradores cash dominan.
Primary dominance
74% of transactions. Payment plans drive the sub-2M market.
74% de transacciones. Planes de pago impulsan el mercado sub-2M.
Smart money signal
Resale land at 1,000 AED/sqft vs 467 in primary shows titled-land accumulation.
Terreno de reventa a 1,000 AED/pie² vs 467 en primario muestra acumulación de tierra titulada.
For brokers
Fewer deals, higher stakes. Focus on conversion quality over lead quantity.
Menos operaciones, más exigencia. Priorizar calidad de conversión sobre cantidad de leads.
Final word
Dubai is at an inflection point. Volume corrected sharply, but the structural story is intact: prices are holding, luxury is active, land is appreciating and cash buyers dominate.
Dubái está en punto de inflexión. El volumen corrigió fuerte, pero la historia estructural sigue: precios firmes, lujo activo, tierra apreciándose y compradores cash dominando.