Dubai Property Prices Hold Near AED 1,691/sqft Amid Steady Sales

Price Levels Steady

Dubai Land Department figures put the citywide median price at AED 1,691 per square foot as of October 4, 2026. That marks a 1.9% decline compared with the same period last year, suggesting a mild cooling after several quarters of rapid appreciation rather than a sharp correction.

Transaction Activity Remains Healthy

Despite the softer pricing trend, buyer and investor appetite has not pulled back meaningfully. DLD recorded 34,317 sales transactions over the trailing 90 days, a volume that points to continued liquidity across both ready and off-plan segments. Sustained deal flow at this scale indicates the market is absorbing new supply without a sharp slowdown in demand.

Reading the Numbers Together

The combination of a modest annual price dip alongside strong transaction counts is a notable signal for market watchers. It suggests Dubai's real estate sector may be entering a more balanced phase, where affordability improves slightly for buyers while sellers still benefit from active trading conditions. Key takeaways include:

• Median pricing near AED 1,691/sqft reflects a stabilising, rather than overheating, market.
• Over 34,000 transactions in 90 days underscores continued depth of demand.
• A -1.9% year-on-year shift is modest and consistent with a maturing cycle rather than a downturn.

Outlook

With price growth easing and sales volumes holding firm, the coming weeks will test whether this equilibrium persists into the final quarter of the year.