Dubai Market Report — June 2026

The month in one look

Dubai's property market accelerated in June 2026: 13,376 sales worth AED 31.0B were registered with the Dubai Land Department — +35.5% vs May and -17.1% vs June 2025. Off-plan led the market at 72% of all sales (60% a year earlier). Our citywide price index stands at 1.78 (-4.9% on the month, -0.3% on the year), 8.9% below its March 2026 high. Year to date, 2026 has recorded 83,613 sales (-13.2% vs the same period of 2025) worth AED 278.6B.

Sales activity

So far in 2026 the market has registered 83,613 sales worth AED 278.6B, -13.2% against the same months of 2025. Total value in June 2026 was AED 31.0B (+11.8% on the month, -42.5% on the year). Off-plan accounted for 9,696 of the 13,376 sales and ready homes for 3,680.

Prices — where we stand

Ready and off-plan are priced in different markets and are never blended in our statistics.

The long view. The citywide index at 1.78 compares with a 2014-cycle peak of 1.31 and a June 2021 low of 1.07: today's prices are +36.3% against that previous peak and +66.4% against the low. Put differently, AED 1M buys about 579 sqft (54 m²) of ready apartment today, against about 858 sqft (80 m²) in 2016. The index is 8.9% off its March 2026 high — the first sustained softness since 2022.

The index month by month

What a ready apartment sold for in Jun 2026

What buyers paid

Apartments, villas and townhouses; land and whole buildings are left out.

Where the action was

What happened in June

The biggest deals registered this month:

• AED 575.00M — land parcel in Meydan Racecourse Community (24 Jun)
• AED 200.00M — residential unit in Bugatti Residences by Binghatti, Business Bay (17 Jun)
• AED 167.36M — land parcel in Um Suqeim (12 Jun)

81 new off-plan projects appeared on the market this month — among them Binghatti Wraith (Binghatti), The Community Sports Arena (Aqua Developments), Azizi Venice 12 Building A (Azizi Developments).

From the wider market:

• Knight Frank Prime Global Cities Index Q2 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). (Knight Frank Prime Global Cities Index Q2 2026)

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:

Construction costs — the leading signal for off-plan pricing

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 (-0.3% 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 8.9% below its March 2026 high, so asking prices have more room for discussion than a year ago.
• Off-plan apartments sold for 14% 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

• 13,376 sales is 17% fewer than June 2025. Homes priced close to recent sold prices in their building are the ones finding buyers.
• Ready apartments averaged AED 1,728/sqft, +4.3% 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.

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Every figure above is computed from the dxbpropy.ai database — official Dubai Land Department records (through June 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.