Dubai Property Market Holds Steady as Prices Ease Slightly

Market Snapshot

Dubai's residential market continues to show resilience heading into the final quarter of 2026. The latest Dubai Land Department figures put the median price at AED 1,688 per square foot, down 1.6% year-over-year. Despite the softer pricing, transaction activity remains robust, with 33,034 sales recorded over the past 90 days, underscoring sustained buyer appetite across price segments.

Reading the Numbers

The slight annual decline in median price suggests a market that is rebalancing rather than cooling sharply. With sales volumes holding at a healthy pace, the data points to steady absorption of new supply and continued interest from both end-users and investors. Agents report that well-located, amenity-rich projects are still commanding strong demand, even as overall pricing growth normalises after several years of rapid appreciation.

Developer and Broker Activity

• Amber by Enso, located in Jumeirah Garden City, has introduced a limited-time 7% commission incentive for brokers on all unit types, a move aimed at accelerating sales momentum during the autumn selling season.
• Kore by Imtiaz Developments was showcased in an online broker tour hosted at DLRC on October 15. The project marks the developer's twelfth launch in the area and distinguishes itself with a wellness-led residential concept, integrating fitness and active-living amenities into the core design.

These initiatives reflect a competitive landscape where developers are sharpening incentives and differentiation strategies to maintain sales velocity amid a maturing price environment.

Outlook

With transaction volumes holding firm and developers actively engaging the broker community, Dubai's market appears set for a measured, steady close to the year rather than a dramatic shift in either direction.