Dubai Market Report — July 2026
Sales held steady on the month; ready apartment prices are 9.1% higher than a year ago
- 113,327 sales worth AED 33.2B were registered in July 2026: -0.4% vs June and -32.7% vs July 2025.
- 2Ready apartments averaged AED 1,692/sqft (AED 18,213/m²), +9.1% vs a year earlier; the citywide price index is 10.3% below its March 2026 high.
- 3Off-plan made up 70% of all sales, against 64% in July 2025; off-plan apartments sold for 15% more per sqft than ready ones.
- 4Dubai South was the busiest community with 2,203 sales (16.5% of the market), ahead of Down Town Jabal Ali with 1,045.
- 576% of homes sold for under AED 2M; year to date 2026 has 96,940 sales, -16.6% vs the same months of 2025.
The month in one look
Dubai's property market held steady in July 2026: 13,327 sales worth AED 33.2B were registered with the Dubai Land Department — -0.4% vs June and -32.7% vs July 2025. Off-plan led the market at 70% of all sales (64% a year earlier). Our citywide price index stands at 1.75 (-1.6% on the month, -3.0% on the year), 10.3% below its March 2026 high. Year to date, 2026 has recorded 96,940 sales (-16.6% vs the same period of 2025) worth AED 311.8B.
Sales activity
13,327 sales in Jul 2026: -0.4% vs June, -32.7% vs July 2025
Sales registered with the Dubai Land Department per month, last 24 months.
Source: dxbpropy.ai — Dubai Land Department records plus live market feeds. Data through 31 July 2026.
So far in 2026 the market has registered 96,940 sales worth AED 311.8B, -16.6% against the same months of 2025. Total value in July 2026 was AED 33.2B (+7.1% on the month, -47.0% on the year). Off-plan accounted for 9,367 of the 13,327 sales and ready homes for 3,960.
Prices — where we stand
Price index 1.75: +34.2% vs the 2014 peak and +63.7% vs the 2021 low
Citywide residential price index, monthly since 2011.
Source: dxbpropy.ai — Dubai Land Department records plus live market feeds. Data through 31 July 2026.
| Segment | AED/sqft in Jul 2026 | AED/m² | vs June | vs July 2025 |
|---|---|---|---|---|
| Apartments — ready | 1,692 | 18,213 | -2.1% | +9.1% |
| Apartments — off-plan | 1,943 | 20,914 | -1.3% | -6.6% |
| Villas and townhouses | 1,611 | 17,341 | -0.1% | +3.1% |
Ready and off-plan are priced in different markets and are never blended in our statistics.
The long view. The citywide index at 1.75 compares with a 2014-cycle peak of 1.31 and a June 2021 low of 1.07: today's prices are +34.2% against that previous peak and +63.7% against the low. Put differently, AED 1M buys about 591 sqft (55 m²) of ready apartment today, against about 858 sqft (80 m²) in 2016. The index is 10.3% off its March 2026 high — the first sustained softness since 2022.
The index month by month
| Month | Index | On the month | On the year | Ready apt AED/sqft | AED/m² |
|---|---|---|---|---|---|
| Jul 2026 | 1.75 | -1.6% | -3.0% | 1,692 | 18,213 |
| Jun 2026 | 1.78 | -4.9% | -0.3% | 1,728 | 18,600 |
| May 2026 | 1.87 | -2.1% | +5.4% | 1,753 | 18,869 |
| Apr 2026 | 1.91 | -2.1% | +7.7% | 1,836 | 19,763 |
| Mar 2026 | 1.95 | +2.1% | +12.4% | 1,649 | 17,750 |
| Feb 2026 | 1.91 | +0.7% | +12.1% | 1,785 | 19,214 |
| Jan 2026 | 1.90 | +1.2% | +13.8% | 1,743 | 18,761 |
| Dec 2025 | 1.88 | +1.4% | +13.8% | 1,724 | 18,557 |
| Nov 2025 | 1.85 | +0.5% | +12.6% | 1,712 | 18,428 |
| Oct 2025 | 1.84 | +0.5% | +12.4% | 1,668 | 17,954 |
| Sep 2025 | 1.83 | +0.4% | +11.0% | 1,608 | 17,308 |
| Aug 2025 | 1.82 | +1.0% | +11.0% | 1,635 | 17,599 |
| Jul 2025 | 1.81 | +1.1% | +10.3% | 1,551 | 16,695 |
What a ready apartment sold for in Jul 2026
| Size | Sales | Median price | vs July 2025 |
|---|---|---|---|
| Studio | 621 | AED 590,000 | +7.3% |
| 1 bedroom | 1,112 | AED 1.05M | +10.5% |
| 2 bedrooms | 707 | AED 1.99M | +11.0% |
| 3 bedrooms | 191 | AED 3.15M | -9.5% |
What buyers paid
76% of homes sold in Jul 2026 cost under AED 2M
Share of apartment, villa and townhouse sales by price.
Source: dxbpropy.ai — Dubai Land Department records plus live market feeds. Data through 31 July 2026.
| Price band | Share of homes sold, Jul 2026 | July 2025 | Change |
|---|---|---|---|
| Under AED 1M | 44.3% | 27.7% | +16.6 pts |
| AED 1M–2M | 31.4% | 41.1% | -9.8 pts |
| AED 2M–3M | 11.8% | 14.8% | -3.0 pts |
| AED 3M–5M | 8.3% | 10.6% | -2.3 pts |
| AED 5M–10M | 2.7% | 4.1% | -1.4 pts |
| AED 10M and above | 1.5% | 1.7% | -0.2 pts |
Apartments, villas and townhouses; land and whole buildings are left out.
Where the action was
Dubai South led with 2,203 sales, 16.5% of the market
Sales by community, Jul 2026.
Source: dxbpropy.ai — Dubai Land Department records plus live market feeds. Data through 31 July 2026.
| Community | Sales | Share | vs Jul 2025 | Total value | AED/sqft | AED/m² |
|---|---|---|---|---|---|---|
| Dubai South | 2,203 | 16.5% | 5.9× | AED 2.1B | 1,745 | 18,783 |
| Down Town Jabal Ali | 1,045 | 7.8% | 10.4× | AED 1.1B | 1,699 | 18,292 |
| Jumeirah Village Circle | 907 | 6.8% | -50% | AED 1.0B | 1,436 | 15,454 |
| City of Arabia | 531 | 4.0% | 13.3× | AED 393.11M | 1,687 | 18,161 |
| Dubai Land Residence Complex | 447 | 3.4% | -28% | AED 413.37M | 1,356 | 14,594 |
| Business Bay | 420 | 3.2% | -71% | AED 1.3B | 2,429 | 26,146 |
| Jumeirah Islands | 282 | 2.1% | 6.7× | AED 703.58M | 2,333 | 25,115 |
| Arjan | 280 | 2.1% | -11% | AED 283.76M | 1,653 | 17,797 |
| Majan | 254 | 1.9% | -36% | AED 273.01M | 1,491 | 16,050 |
| International Media Production Zone | 245 | 1.8% | -56% | AED 223.67M | 1,332 | 14,342 |
What happened in July
The biggest deals registered this month:
- AED 571.75M — land parcel in City of Arabia (3 Jul)
- AED 466.38M — land parcel in City of Arabia (7 Jul)
- AED 361.35M — land parcel in City of Arabia (7 Jul)
120 new off-plan projects appeared on the market this month — among them The Residences DIFC Zabeel Tower 1 (DIFC Authority), The Residences DIFC Zabeel Tower 2 (DIFC Authority), 113 Residences by Iman (Iman Developers).
Rents & yields
Registered leases in 2026 average AED 86,322/year across 456,220 contracts (+3.1% vs 2025). The best net rental yields right now — after service charges — among communities with at least 200 sales to measure:
| Community | Type | Net yield | Gross yield | Service charge per year |
|---|---|---|---|---|
| Living Legends | Apartment | 7.2% | 7.6% | AED 3.15/sqft · 34/m² |
| DAMAC Hills | Apartment | 7.2% | 7.5% | AED 3.79/sqft · 41/m² |
| Jumeirah Golf Estates | Apartment | 7.0% | 8.0% | AED 12.65/sqft · 136/m² |
| Dubai Sports City | Apartment | 6.5% | 8.3% | AED 14.72/sqft · 158/m² |
| Al Furjan | Apartment | 6.4% | 7.8% | AED 15.77/sqft · 170/m² |
| Discovery Gardens | Apartment | 6.2% | 7.9% | AED 14.13/sqft · 152/m² |
| Jumeirah Lake Towers (JLT) | Apartment | 6.0% | 7.2% | AED 16.49/sqft · 178/m² |
| Tilal Al Ghaf | Villa | 5.9% | 5.9% | AED 0.62/sqft · 7/m² |
Construction costs — the leading signal for off-plan pricing
Construction cost index 120.6 in Q2 2026: +10.8% on the year
Dubai Statistics Center residential Construction Cost Index (2019 = 100), quarterly.
Source: Dubai Statistics Center.
What this means in practice: the index tracks what it costs a developer to build — materials, labour, machinery — separate from land or sale price.
- Off-plan launch prices: a rising cost index is the main reason developers price new launches above the previous phase in the same community. At the current pace, expect launch prices to keep climbing even where absorption is only moderate.
- Ready prices: built stock was completed at the old cost, so a rising index does not lift it month to month — it raises the replacement cost, which supports resale values over time.
- Value read for buyers: when a launch price runs well ahead of the construction-cost trend, the difference is demand and positioning — check it against ready AED/sqft in the same community.
Supply pipeline
Handover pressure is high: 2026–2028 completions run well above the 2018–23 norm — apartment-heavy districts will feel it first in rents, then prices. Area-by-area handover schedules: dxbpropy.ai/supply.
Outlook — the next 12–24 months
Anchored to today's momentum (-3.0% YoY on the index) and the high supply pipeline, our scenario read:
- Base case — roughly flat (±1%). Prices plateau while record supply is absorbed; villas and prime hold up best.
- Higher case — +5%/yr. Wealth migration and villa/prime scarcity reignite a demand-led leg, as in 2021–24.
- Lower case — -8% then stabilising. Heavy supply meets an external shock; history (2014–16) says such corrections are shallow, area-specific and recover.
The full interactive outlook with the fan chart lives at dxbpropy.ai/predictions. Scenarios are a data-grounded read, not a guaranteed forecast.
What it means for you
Buyers and investors
- The price index is 10.3% below its March 2026 high, so asking prices have more room for discussion than a year ago.
- Off-plan apartments sold for 15% more per sqft than ready ones this month. A ready home in the same community is the natural price check for a new launch.
- For rental income, Living Legends apartments return about 7.2% net after service charges, the highest among communities with enough sales and leases to measure.
Sellers and landlords
- 13,327 sales is 33% fewer than July 2025. Homes priced close to recent sold prices in their building are the ones finding buyers.
- Ready apartments averaged AED 1,692/sqft, +9.1% on the year — the reference point for pricing a resale.
- Registered rents in 2026 average AED 86,322 a year, +3.1% vs 2025 — the reference point for a renewal or a new lease.
Every figure above is computed from the dxbpropy.ai database — official Dubai Land Department records (through July 2026) plus 200 million+ live-market datapoints, growing daily — not estimates. Ready and off-plan segments are never blended. For a report on a specific area, building or budget, ask the AI at dxbpropy.ai.
Definitions
- Median — the middle value: half of the sales were above it, half below. A few very expensive homes move it less than they move an average.
- Price per sqft / m² — the sale price divided by the home's size, so homes of different sizes can be compared.
- Ready vs off-plan — ready homes are built and handed over; off-plan homes are sold before completion. They are priced differently and are never blended in our figures.
- Gross yield — one year of rent divided by the purchase price. Net yield is the same after service charges.
- YoY — compared with the same period one year earlier. MoM — compared with the previous month.