Dubai market intelligence

The Dubai property market at a glance — the transaction boom, the supply pipeline vs what actually gets delivered, who is buying, what the analysts forecast, the megaprojects reshaping the map, and the rules that matter. Distilled from a sourced research corpus.

Live market signals

Official series · year-on-year

The forces under Dubai property — official price, rent, cost, output and demand indices, updated at source.

Residential Property Price Index
+8.9%YoY
167.3 index (2019=100)
Dubai Statistics · 2025 Q4
Commercial Property Price Index
+6.8%YoY
186.2 index (2019=100)
Dubai Statistics · 2025 Q4
Residential Rent Price Index
+5.6%YoY
115.7 index (2024=100)
Dubai Statistics · 2026 Aug
Consumer Price Index (inflation)
+5.5%YoY
107.7 index (2024=100)
Dubai Statistics · 2026 May
Construction Cost Index
+10.9%YoY
120.6 index (2019=100)
Dubai Statistics · 2026 Q2
Dubai GDP (current prices)
+9.2%YoY
AED 972bn
Dubai Statistics · 2025
Dubai population (residents)
+7.8%YoY
4,580,300 people
Dubai Statistics · 2025
UAE GDP growth
+4.0%
annual rate
World Bank · 2024

Live seller behaviour · across 96,590 active sale listings, sellers are cutting asking prices 2.2× more often than raising them (avg −7.5%), with a median 41 days on market — a broadly balanced market.Live listings feed · asking prices.

Dubai population

Live count, growth and household data — sourced from Dubai's official population clock.

4,806,088 live
7.82% vs last year
69% / 31%
Gender split
858K
Households · avg. size 4.2
4.6M
2025
See more details — population by area, map & buildings →

Transaction boom (2020 → 2025)

Total annual real-estate value, in billions — up ~424% in five years to a 2025 record.

AED billions175202030020215282022634202376120249172025

Supply: scheduled vs reality

Huge pipelines are announced, but historically only a fraction completes on time — the real number is what matters.

Residential units115k planned39k–56k2026146k planned59k–81k2027120k planned48k–66k2028ScheduledLikely delivered

Who is buying (2025–26)

Top foreign buyer nationalities by share.

India
22%
United Kingdom
17%
China
13.5%

What the analysts say

A spread of independent Q3 2026 views — bullish to cautious.

ValuStrat — Aug 2026 index 218.8: −3.1% YoY and 10.2% below the Feb peak; villas −1.7% YoY (first annual fall since 2021), apartments −5.3%. Monthly declines have slowed to −0.2%.
Cavendish Maxwell — Aug 2026 average AED 1,636/sqft (AED 17,610/m²), −1.7% YoY — the first annual price fall since Feb 2021; 'the market is entering a more mature cycle'.
Knight Frank — Prime prices +10.9% in the year to June 2026, 3rd of 46 global cities; mainstream prices softened 5–20% by location in H1 — a two-speed market.
Savills — Dubai was the outlier in its 30-city prime index for H1 2026 — prime values and rents both fell; 2026 prime values on course for about −10% (vs +1.9% forecast in Feb).
CBRE — Two-speed rents: new-lease rents −4.8% from the Feb 2026 peak while capped renewals rose 3.1%; average residential rents −6.2% QoQ in Q2 2026.
UBS — Bubble Index 2026: Dubai's score rose to 1.16 from 1.09, 4th highest — 'elevated risk', below the 1.5 bubble line. Real prices +0.4%, real rents −4%; still among the cheapest cities to buy (~5 years' income for 60 m² / 646 sqft).
Fitch — Now sees a larger correction than its original 'up to 15%' call, as the conflict adds weaker tourism and slower population growth to record supply; banks and developers can absorb it.
S&P Global — Rules out a 2008-style crash: Emaar ($11.7bn escrow, $7.5bn cash) and Damac have multi-year backlogs, and banks' property exposure is down to ~14% of loans; a prolonged conflict would slow presales.
Moody's — Most 2026–27 projects on track despite a 20–25% jump in imported material costs; ~180,000 completions in 2026–28 should weigh on price and rent growth, but rated developers (leverage ~1.4x vs 4.8x in 2020) face limited credit impact.
IMF — Property activity 'slid' in H1 2026 but prices broadly held at or above last year's levels; banks' real-estate exposure is 'contained' but warrants monitoring (Jul 2026).

Latest market intelligence

Recent findings from named sources, reviewed before they are published here. Newest first.

Khaleej Times · September 1, 2026

DAMAC crosses 50,000 cumulative home deliveries; targets 8,800+ handovers in 2026 with 55,000+ unit pipeline; DAMAC Lagoons alone: ~6,300 units vs ~513 in 2025

DAMAC Properties announced on September 1, 2026 that it has crossed 50,000 cumulative residential unit deliveries across its portfolio, with a further 55,000+ homes in the active pipeline.

Arabian Business · September 2026

Dubai office property sales Jan–Sep 2026: AED 20.16bn ($5.49bn), 3,695 transactions; Business Bay #1 at AED 9.9bn; September MoM +62% value

Dubai's office property market registered AED 20.16 billion ($5.49 billion) in sales across 3,695 transactions in the first nine months of 2026, per DLD data cited by Arabian Business, published in late September 2026.

Emirates 24|7 · October 1, 2026

DLD September 2026: 16,490 transactions / AED 50.78 billion; YTD AED 574.12 billion — second highest nine-month sales value in Dubai market history; off-plan share normalises to 65.4%

Dubai's property market recorded 16,490 total transactions worth AED 50.78 billion in September 2026, per DLD data published October 1, 2026 — a sequential recovery of +3.3% in volume and +9.9% in value versus August 2026's 15,960 transactions / AED 46.22 billion.

Arabian Business · September 2026

Dubai secondary (ready) property transactions +24.6% in Jul–Aug 2026 vs May–Jun; prime deals (>AED 15M) +22% MoM; secondary segment leads Q3 recovery

Dubai's secondary (ready) residential property market posted its strongest summer recovery in years by mid-2026.

AGBI · September 2026

UAE developer Q3 2026 earnings resilience: Emaar Development H1 net profit +48%; pre-sales fell 89% in Q2 vs Q1 but Q3 earnings unaffected by milestone revenue recognition

Despite Emaar's UAE residential pre-sales falling approximately 89% in Q2 2026 compared with Q1 (among the sharpest quarterly drops on record), the developer's Q3 2026 earnings are forecast to remain strong.

Arabian Business · September 2026

Palace Group 12 bespoke ultra-luxury beachfront mansions across Jumeirah Bay Island and La Mer; $50M–$135M each; handover 2027

Palace Group — a Dubai luxury real estate developer marking its 25th anniversary with an AED 36 billion portfolio — disclosed in late September 2026 that construction is progressing on 12 ultra-luxury bespoke beachfront mansions distributed across Jumeirah…

Binghatti Developers official · September 2026

Binghatti Starfall Al Jaddaf: 19-storey freehold tower, studios from AED 750K, launched September 22, 2026; Q4 2027 handover

Binghatti Developers launched Binghatti Starfall on September 22, 2026, adding a second tower to its growing Al Jaddaf waterfront cluster, which already encompasses Binghatti Ghost (completed August 2026, 770 units) and Binghatti Wraith (launched June 2026).

Gulf News · September 16, 2026

Fed hikes 25bp to 3.75–4.00% on September 16, 2026 — first increase since 2023; CBUAE raises base rate to 3.90% effective September 17; dot plot signals one more hike before year-end; Warsh bucks Trump

On September 16, 2026, the Federal Open Market Committee (FOMC) raised the federal funds rate target range by 25 basis points to 3.75%–4.00% — the first US rate increase since May 2023, ending a prolonged hold cycle.

Construction Week · September 25, 2026

Construction Week September 25, 2026: "Two Dubais" — tenant leverage in apartment-heavy districts vs landlord leverage in prime/supply-constrained communities; seasonal negotiating window narrowing from October; Dubai Marina +7.85%, Dubai Hills Estate +8.47% PropertyFinder DLD-backed rent forecast

Construction Week's September 25, 2026 analysis of Dubai's rental market identifies a structural split that analysts are calling a "Two Dubais" dynamic: supply-driven tenant leverage in apartment-heavy districts versus landlord scarcity leverage in prime…

Zawya / Emaar press release · September 2026

Dubai developer rankings January–August 2026: Emaar leads by value (AED 32.3bn, 6,039 deals); Azizi leads by transaction count (>12,000 deals, AED 10.6bn); DAMAC 2nd at AED 18.2bn

From 1 January to 31 August 2026, Emaar Properties led all Dubai developers in total residential sales value with AED 32.3 billion across 6,039 transactions — extending its H1 position (AED 30.6 billion through June) with approximately AED 1.7 billion added in July–August despite the summer slowdown.

Khaleej Times · September 28, 2026

Dubai ultra-prime ($10M+) market Jan–Aug 2026: 335 transactions (Dh20.4bn); only 15 deals in Jul–Aug confirming Q3 contraction; Hadaeq Sheikh Mohammed Bin Rashid leads villa sales; Palm Jumeirah leads apartment sales

Dubai recorded 335 residential transactions priced at $10 million (Dh36.7 million) or above across January–August 2026, per fäm Properties data cited by Khaleej Times and Zawya on September 28, 2026.

Knight Frank Prime Global Cities Index Q2 2026 · September 2026

Knight Frank Prime Global Cities Index Q2 2026: Dubai ranked 3rd globally; luxury prices +10.9% year-to-June 2026

Knight Frank's Prime Global Cities Index (PGCI) for Q2 2026, published in late September 2026, ranked Dubai 3rd globally for prime residential price growth, with luxury values up 10.9% year-on-year as of June 2026 — a deceleration from the +25.1% recorded in full-year 2025 (PIRI 100).

Arabian Business · September 26, 2026

Dubai DLD weekly Sep 21–25, 2026: AED 11.185bn total; sales AED 6.41bn (2,426 deals); mortgages normalise to AED 3.86bn post-FOMC surge; Como Residences tops deals at AED 71.2m

Dubai's real estate sector registered AED 11.185 billion (~$3.04 billion) in total transactions during the week of September 21–25, 2026, per DLD data.

Khaleej Times · September 2026

Dubai Ejari structural reversal August 2026: new residential contracts (20,611) exceed renewals (19,034) for first time in 36 consecutive months as new-lease asking rents fall up to 15.3% below January 2026 levels

In August 2026, Dubai's Ejari freehold system recorded new residential rental contracts (20,611) outnumbering renewals (19,034) for the first time since the dataset's January 2023 inception — ending a streak of 36 consecutive months in which renewals had led new leases.

UBS Global Real Estate Bubble Index 2026 · 2026

UBS Global Real Estate Bubble Index 2026: Dubai scores 1.16 (up from 1.09), ranks 4th globally in elevated risk; 3rd most affordable globally at 5 years of income for 60 sqm

The UBS Global Real Estate Bubble Index 2026 (published September 22, 2026) placed Dubai 4th globally — up from 5th in the 2025 edition — with an elevated-risk score of 1.16, compared with 1.09 the prior year.

Meraas official press release · September 2026

Meraas awards AED ~1bn construction contract to GCC Contracting for Nad Al Sheba Gardens Phase 7: 272 units (130 villas + 142 townhouses), Q2 2028 completion (September 2026)

Meraas — the Dubai Holding Real Estate subsidiary operating the Nad Al Sheba Gardens master-planned villa community — awarded an approximately AED 1 billion construction contract to GCC Contracting for Phase 7 of the development, announced September 2026.

The National · September 9, 2026

Dubai demand shifts from ultra-luxury (>Dh10M) to high-value mid-range (Dh1M–Dh2M) segment in 2026

Leading UAE developers stated in September 2026 that appetite for ultra-luxury property above Dh10 million–Dh15 million had softened in favour of the Dh1 million to Dh2 million bracket, as a growing population of professionals, entrepreneurs, and families seek high-quality homes at accessible price points.

Cavendish Maxwell Dubai Retail and Warehousing H1 2026 / Arabian Business · September 2026

Cavendish Maxwell Dubai retail H1 2026: AED 3.8bn (+177% YoY), 850 deals (+56%), off-plan 70% of value; retail rents +4.5% but new leases -26%

Dubai's strata retail property investment market recorded AED 3.8 billion in transaction value in H1 2026 — a 177% year-on-year surge — across 850 sales transactions (+56% YoY), with an average transaction value of AED 4.4 million (+77% YoY), per Cavendish…

AGBI · September 2026

Samana CEO Imran Farooq: "It's suicidal to cut corners" — Dubai's delivery-credibility era punishes quality shortcuts

Samana Developers CEO Imran Farooq warned in September 2026, following the International Property Show, that cutting corners on construction quality is "suicidal" for developer survival: "What we deliver today is how sales will reflect in future." The…

Gulf News · September 18, 2026

Samana Developers: 54-project pipeline (+7 added since Feb 28 conflict onset), AED 2.2bn sales March–August 2026, 82% volume recovery in August — CEO Farooq targets 88–95% recovery September

In the weeks following IPS 2026 (September 7–9), Gulf News analysis of Dubai developer consolidation revealed that Samana Developers has expanded its active pipeline to 54 projects — adding seven new projects since the February 28, 2026 conflict onset: Samana…

ValuStrat / Khaleej Times · September 2026

ValuStrat August 2026 VPI: named community performance — Jumeirah Islands +12.2%, Emirates Hills +7.4% (top gainers); Mudon -8.2%, Dubai Hills Estate -6.8% (biggest declines)

Construction costs — the leading signal for off-plan pricing

Dubai Statistics Center · residential, 2019=100

What it actually costs to build — separate from land or sale price — and the clearest forward-looking read we have on off-plan launch pricing.

120.6+10.8% YoY
Q2 2026 · accelerating
96110124Q1 '21Q1 '22Q1 '23Q1 '24Q1 '25Q2 '26

Residential construction costs are up 10.8% over the past year, and that pace is accelerating — a year ago growth was running at a fraction of today's rate.

Off-plan: rising build costs are the main reason developers price each new launch phase above the last — genuine cost pass-through, not just demand-chasing. Expect launch pricing to keep tracking this trend.

Ready/resale: built stock is largely insulated from a rising index in the short term (it was already built at the old cost), but persistently higher replacement cost supports resale values over time rather than moving them month to month.

When a launch price outpaces this trend by a wide margin, that premium is demand or positioning — not build cost.

Megaprojects reshaping the map

Etihad Rail (passenger)Open

Dubai's Al Yalayis station opened 30 Sep 2026: Abu Dhabi in ~64 min on the first run, fares from AED 39, walkway to the Metro Red Line. A second Dubai station is planned at Meydan, linked to the Gold Line.

Metro Blue LineSep 2029

AED 20.5bn, 30 km, 14 stations via Creek Harbour, Festival City, International City, Mirdif and Silicon Oasis; ~20% built by mid-2026, tunnelling under way since May.

Metro Gold LineSep 2032

AED 34bn, 42 km, 18 underground stations from Al Ghubaiba to Jumeirah Golf Estates; contractor prequalification extended to 9 Oct 2026, award targeted for 2027.

Al Maktoum Int'l Airport2032

AED 128bn; Phase 1 takes over from DXB. 50 km people-mover awarded to MHI–L&T (Aug 2026); AED 55bn+ of packages due by end-2026; 260M-passenger ultimate capacity.

Palm Jebel AliLate 2026+

Nakheel has awarded AED 13bn+ in construction and infrastructure contracts; first villa handovers phased from late 2026 through 2027. AED 37.6bn of sales since the 2023 relaunch.

Emaar AED 200bn masterplanJun 2026

4.5M m² (48.4M sqft) '20-minute city' for ~150,000 residents behind Dubai Hills Estate; a Gold Line station is planned on the site.

Fourth CorridorApproved 2026

80 km highway linking Abu Dhabi, Dubai and Sharjah — 12 lanes each way, 72 bridges, 17 tunnels. Phase 1 (30 km, ~AED 3.5bn) cuts journey times ~60%.

First Al Khail Street2027–2030

15 km elevated road parallel to Sheikh Zayed Road, part of an AED 18bn package; cuts SZR peak-hour journeys 51% for 2.6M residents.

Dubai 2040 Master Plan2040

Targets 5.8M residents and a 7.8M daytime population by 2040 (4.58M residents at end-2025), +105% green space, 80% of daily needs within a short walk or cycle.

Rules that matter

DLD transfer fee
4%

+ AED 4,200 trustee + 0.25% mortgage reg (unchanged since 2013).

Golden Visa (property)
AED 2M

10-year. Since 14 Jul 2026 the AED 2M must be in the applicant's own name — spouses and co-owners can no longer pool holdings.

Mortgage LTV cap
80% / 50%

80% for a first home ≤ AED 5M; off-plan capped at 50%.

UAE base rate
3.90%

CBUAE raised 25 bp on 17 Sep 2026, tracking the Fed's first hike since 2023; EIBOR-linked mortgages reprice up.

Rent increase cap
0–20%

Five tiers set by the Smart Rental Index vs your building's benchmark.

Eviction notice
12 months

Notarised notice required for owner personal-use eviction.

Figures distilled from the dxbprop research corpus — official DLD, Dubai Media Office, RTA and CBUAE releases; ValuStrat, Cavendish Maxwell, Knight Frank, Savills, CBRE, Cushman & Wakefield; UBS, Fitch, S&P Global, Moody's and the IMF; and developer results. Updated 30 Sep 2026. General market intelligence, not investment advice.

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