Dubai Housing Pipeline Tops 560,000 Units as Prices Hold Steady

Market Snapshot

Dubai Land Department figures put the median price at AED 1,688 per sqft, with 33,034 transactions recorded over the past 90 days. The year-on-year change of -1.6% points to a market that is cooling modestly rather than correcting sharply, suggesting buyers and sellers are finding equilibrium after several years of rapid appreciation.

Supply Pipeline Under Scrutiny

Industry commentary this week highlighted that more than 560,000 residential units are currently under construction across Dubai. While the scale invites comparisons to past oversupply cycles, the city's population growth and diversification of housing formats mean absorption will likely remain uneven across submarkets rather than uniformly stretched. The DLD's steady transaction count over the last quarter suggests demand is still broadly keeping pace with delivery, though newer districts may face longer lease-up periods than established ones.

New Launches and Presales

• The Bay Interiors by Missoni — Octa Properties and Tomorrow World Properties have launched this branded residence on Dubai Islands, targeting completion in Q3 2029.
• Globna — Crystal Bay Development has teased an upcoming project in Dubai South, with full details still pending.
• Unnamed Qube Development project — A new waterfront scheme is set for MBR City, offering lagoon access and a promenade roughly 15 minutes from Downtown Dubai.
• Kusto Aura — AYS Property Development has opened EOI registration for this Dubai Production City project, with studios from AED 892,460 and one-bedrooms from AED 1.81 million.

Cross-border interest also continues, with Abu Dhabi's Al Reem Island seeing two parallel launches — Marlin Icon and Waterfront by Missoni — both aimed at buyers comparing value across the UAE's two largest markets.

Outlook

With median pricing holding near AED 1,688 per sqft and transaction activity still robust, Dubai's market appears to be absorbing new supply without major price disruption, though continued monitoring of delivery schedules against sales velocity will be key through year-end.