Dubai Property Prices Steady as Developers Unveil New Launches

Market Pulse

Dubai Land Department figures as of October 15 show a median price of AED 1,688 per square foot, with 32,821 transactions recorded over the past 90 days. The year-on-year change of -1.6% suggests pricing has largely stabilised after recent growth cycles, pointing to a market that is absorbing new supply without sharp corrections.

New Launches and Presales

Developer activity remains brisk despite the flat pricing trend. Tarrad Development has opened presales for Lunara Tower in Majan, offering one-bedroom units from AED 850,000 and two-bedroom apartments from AED 1.15 million under a 50/50 payment structure, with completion targeted for the first quarter of 2029.

In Jumeirah Village Triangle, One Broker Group and Native Properties have launched Native Haus, featuring studios from AED 699,000, one-bedroom units from AED 1.20 million, and two-bedroom options starting at AED 1.79 million. Meanwhile, Samana Downtown One in Jabal Ali Industrial Second has entered its expression-of-interest phase, with studios priced from AED 689,000 and a registration fee of AED 40,000 required to join the list.

• Lunara Tower: 1BR from AED 850K, 2BR from AED 1.15M, Q1 2029 completion
• Native Haus: Studios from AED 699K, 1BR from AED 1.20M, 2BR from AED 1.79M
• Samana Downtown One: Studios from AED 689K, EOI fee AED 40,000

Industry Events

Brokers and agents have two notable briefings this week. Emirates Developments is hosting a Brokers Briefing for Waterfront by Missoni today at Space42 Arena, Al Raha Beach, Abu Dhabi, running from 2 PM to 5 PM. Separately, Reportage Properties and Cosmo Developments will launch Marlin Icon on October 16 at the Conrad Hotel in Abu Dhabi, with additional incentives expected to be announced for attending brokers.

With transaction volumes holding steady and a steady stream of new product entering the pipeline, market attention in the coming weeks will likely turn to how these launches are absorbed against a backdrop of largely flat pricing.