Dubai Real Estate Market Report
Dubai's market is still cooling, but slowly. October closed with 11,898 sales worth AED 34.7 billion, more than the 11,288 recorded for September, while the city-wide median price slipped 1.1% to AED 1,636 per sq ft, its second monthly fall in a row. Prime areas such as Palm Jumeirah, Business Bay and Dubai Marina are 8–10% below their level three months ago, and new apartment leases are 5.8% cheaper than a year ago.
Updated 2 November 2026 · Latest full month: October 2026 · Source: Dubai Land Department registrations
Headline figures
Off-plan median AED 1,667 per sq ft against AED 1,548 for ready resale homes. Rent figures are Ejari-registered contracts.
This week’s take
- Prices are easing month by month. The city-wide median held at AED 1,687 per sq ft from June to August, fell 2.0% to AED 1,654 in September and a further 1.1% to AED 1,636 in October. October is 2.1% below the 2025 average of AED 1,671. The first November registrations are at AED 1,526, but that covers only a few days of deals.
- Prime areas are still the weakest. Over the last three months, median prices per sq ft are down 10.1% on Palm Jumeirah, 8.1% in Business Bay and 7.9% in Dubai Marina. Dubai Islands fell 14.9% to AED 2,510, against AED 2,950 on last week's page.
- Area trends have shifted since last week. As the three-month window moved forward, Downtown Dubai turned from a 9.3% fall to a 2.5% rise, at AED 2,710 per sq ft, and Dubai Creek Harbour rose 3.7% with sales up 66.7% to 825. Dubai South went the other way: sales fell 43.8% to 3,614 and prices were flat (−0.3%), while Arjan moved from a 6.4% gain to an 8.1% fall.
- Off-plan still dominates. 64% of October's sales were off-plan: 7,609 deals against 4,289 ready resale homes. Off-plan homes sold at a median of AED 1,667 per sq ft against AED 1,548 for resale, a gap of about 8%, down from about 13% in September.
- New-lease rents keep easing. The median new apartment lease was AED 67,815 in October, 5.8% lower than a year earlier, while renewals rose 4.9% to AED 60,000. New villa leases fell 4.6% to AED 214,618, but villa renewals rose 14.4% to AED 200,000.
Dubai price per sq ft, month by month
Median price per sq ft across all registered sales in Dubai. Monthly figures move around with the mix of deals, so look at the direction over several months rather than any single month.
| Month | Median price per sq ft | Change vs previous month |
|---|---|---|
| June 2026 | AED 1,687 | +2.0% |
| July 2026 | AED 1,687 | +0.0% |
| August 2026 | AED 1,687 | +0.0% |
| September 2026 | AED 1,654 | −2.0% |
| October 2026 | AED 1,636 | −1.1% |
| November 2026 (to date) | AED 1,526 | −6.7% |
2025
AED 1,671 per sq ft, up 8.8% on 2024 and an all-time high.
2026 so far
AED 1,716 per sq ft year to date, +2.7% on 2025, with a softer second half.
Rents
AED 77 per sq ft a year in 2025, close to the 2016 record of AED 78.
Prices, rents and yields by area
Choose an area to see its latest figures. Sales figures cover the last three months; rents are the median of Ejari contracts registered in Q3 2026.
Downtown Dubai
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 70K |
| 1 bedroom | AED 108K |
| 2 bedrooms | AED 165K |
| 3 bedrooms | AED 280K |
Business Bay
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 58K |
| 1 bedroom | AED 80K |
| 2 bedrooms | AED 120K |
| 3 bedrooms | AED 176K |
Dubai Marina
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 56K |
| 1 bedroom | AED 85K |
| 2 bedrooms | AED 131K |
| 3 bedrooms | AED 200K |
Palm Jumeirah
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 80K |
| 1 bedroom | AED 140K |
| 2 bedrooms | AED 197K |
| 3 bedrooms | AED 280K |
Jumeirah Village Circle (JVC)
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 45K |
| 1 bedroom | AED 65K |
| 2 bedrooms | AED 90K |
| 3 bedrooms | AED 150K |
Dubai Hills Estate
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 64K |
| 1 bedroom | AED 85K |
| 2 bedrooms | AED 130K |
| 3 bedrooms | AED 239K |
Dubai Creek Harbour
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | – |
| 1 bedroom | AED 90K |
| 2 bedrooms | AED 140K |
| 3 bedrooms | AED 210K |
Jumeirah Lake Towers (JLT)
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 55K |
| 1 bedroom | AED 80K |
| 2 bedrooms | AED 120K |
| 3 bedrooms | AED 150K |
Dubai South
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 38K |
| 1 bedroom | AED 58K |
| 2 bedrooms | AED 86K |
| 3 bedrooms | AED 110K |
Dubai Islands
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | – |
| 1 bedroom | AED 110K |
| 2 bedrooms | AED 118K |
| 3 bedrooms | AED 155K |
Few rentals have been registered here yet because most buildings are still under construction, so treat rent figures as indicative.
Arjan
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 43K |
| 1 bedroom | AED 65K |
| 2 bedrooms | AED 93K |
| 3 bedrooms | AED 143K |
Damac Hills
| Unit type | Median annual rent, Q3 2026 |
|---|---|
| Studio | AED 42K |
| 1 bedroom | AED 68K |
| 2 bedrooms | AED 110K |
| 3 bedrooms | AED 185K |
All areas side by side
| Area | Price per sq ft | 3-month change | Sales (3 months) | Sales change | Gross yield | 1-bed rent | 2-bed rent |
|---|---|---|---|---|---|---|---|
| Downtown Dubai | AED 2,710 | +2.5% | 486 | +4.5% | 6% | AED 108K | AED 165K |
| Business Bay | AED 2,150 | −8.1% | 1,262 | −1.9% | 7% | AED 80K | AED 120K |
| Dubai Marina | AED 1,790 | −7.9% | 451 | −8.0% | 8% | AED 85K | AED 131K |
| Palm Jumeirah | AED 3,100 | −10.1% | 225 | −6.3% | 6% | AED 140K | AED 197K |
| Jumeirah Village Circle (JVC) | AED 1,430 | +0.1% | 2,322 | +6.9% | 8% | AED 65K | AED 90K |
| Dubai Hills Estate | AED 2,280 | +0.4% | 408 | +24.0% | 6% | AED 85K | AED 130K |
| Dubai Creek Harbour | AED 2,530 | +3.7% | 825 | +66.7% | 6% | AED 90K | AED 140K |
| Jumeirah Lake Towers (JLT) | AED 1,580 | −0.8% | 446 | +10.1% | 7% | AED 80K | AED 120K |
| Dubai South | AED 1,690 | −0.3% | 3,614 | −43.8% | 8% | AED 58K | AED 86K |
| Dubai Islands | AED 2,510 | −14.9% | 458 | −44.2% | – | AED 110K | AED 118K |
| Arjan | AED 1,470 | −8.1% | 530 | −16.7% | 8% | AED 65K | AED 93K |
| Damac Hills | AED 1,740 | −0.3% | 424 | +22.9% | 6% | AED 68K | AED 110K |
Changes compare the last three months with the three months before. Gross yield is annual rent divided by sale price, before service charges.
Where the deals were
Most sales
- Al Barsha South Fourth (incl. JVC) – 838 sales
- Dubai South – 784 sales
- Wadi Al Safa 3 – 509 sales
- Business Bay – 457 sales
- Jabal Ali First – 457 sales
Highest sales value
- Dubai Marina – AED 1.78B
- Business Bay – AED 1.74B
- Al Rowaiyah First – AED 1.10B
- Palm Jumeirah – AED 1.03B
- Hadaeq Sheikh Mohammed Bin Rashid – AED 1.02B
Area names follow Dubai Land Department boundaries, which can be larger than the community names buyers use. The most expensive sales of the month were an apartment at Balqis Residence, Palm Jumeirah for AED 55.0M and a Hadaeq Sheikh Mohammed Bin Rashid villa for AED 97M.
Rents in October 2026
| Contract type | Contracts | Median annual rent | Change vs a year ago |
|---|---|---|---|
| Apartments – new leases | 17,545 | AED 67,815 | −5.8% |
| Apartments – renewals | 17,691 | AED 60,000 | +4.9% |
| Villas – new leases | 1,035 | AED 214,618 | −4.6% |
| Villas – renewals | 790 | AED 200,000 | +14.4% |
New leases are falling while renewals still rise because renewals are capped by the RERA rental index and are only now catching up with market rents.
Launches and handovers in October 2026
Largest launches
- Binghatti Spectre-B, Al Jaddaf – Binghatti, 1,932 units
- The Wow Tower – Mr Eight, 1,382 units
- Holm Central, Al Satwa – Holm Avenue, 461 units
- Portside Square Tower 3 – Ellington, 413 units
- Yigo Luxe, Nadd Hessa – Yigo, 364 units
Largest handovers
- Club Drive Tower B – Emaar, 529 units
- Arabian Ranches III – Anya – Emaar, 492 units
- Arabian Ranches III – Anya 2 – Emaar, 362 units
- Altai Tower – Tiger, 239 units
- Elaya – Nshama, 153 units
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Dubai property market: common questions
Are Dubai property prices going down in 2026?
Slightly. The city-wide median price per sq ft fell from AED 1,687 in August to AED 1,654 in September and AED 1,636 in October 2026, 2.1% below the 2025 average of AED 1,671. Over the last three months prices are down 10.1% on Palm Jumeirah, 8.1% in Business Bay and 7.9% in Dubai Marina, while Downtown Dubai (+2.5%) and Dubai Creek Harbour (+3.7%) rose.
How many properties were sold in Dubai in October 2026?
11,898 sales were registered with the Dubai Land Department in October 2026, worth about AED 34.7 billion. Of these, 7,609 (64%) were off-plan and 4,289 were ready resale homes.
What is the average price per sq ft in Dubai?
The city-wide median was AED 1,636 per sq ft in October 2026. Off-plan homes sold at a median of AED 1,667 per sq ft and ready resale homes at AED 1,548. Prime areas cost much more: about AED 3,100 on Palm Jumeirah and AED 2,710 in Downtown Dubai.
Which areas in Dubai have the highest rental yield?
Among the main communities tracked here, Jumeirah Village Circle, Arjan, Dubai South and Dubai Marina show gross yields of around 8%. Downtown, Palm Jumeirah, Dubai Hills Estate, Dubai Creek Harbour and Damac Hills are nearer 6%. Gross yield is before service charges, which often reduce returns by 1–2 percentage points.
Are rents in Dubai falling?
New leases are easing. The median new apartment lease in October 2026 was AED 67,815 a year, 5.8% lower than a year earlier, while renewals rose 4.9% to AED 60,000. Rent per sq ft averaged AED 77 in 2025, just below the 2016 record of AED 78, so landlords have less room to raise rents than in 2023–2025.
How often is this market report updated?
Every week. Figures come from Dubai Land Department registered sales and Ejari rent contracts, and are summarised by the TruHauz research team. Monthly totals refer to the last complete month, and area figures cover the last three months.
About this report
Figures are based on sales registered with the Dubai Land Department and rent contracts registered with Ejari, compiled through DXBinteract and analysed by the TruHauz research team. Medians are used rather than averages so that a few very large deals do not distort the picture. Monthly totals refer to the last complete month; area figures cover the last three months. This report is for information only and is not investment advice or a formal valuation. Updated every week; last update 2 November 2026.
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