Dubai Property Market Update: Prices Steady as New Launches Multiply

Market Pulse

Dubai Land Department figures as of October 20 put the median transaction price at AED 1,688 per square foot, with 32,625 sales recorded over the past 90 days. On an annual basis, values are down 1.7%, suggesting the market is cooling modestly after a prolonged run-up rather than reversing course sharply. Transaction volumes remain substantial, indicating buyer activity has not slowed in step with pricing.

New Supply Entering the Market

• YIGO Luxe, Dubai Silicon Oasis: YIGO Developments has launched this residential project with studios from AED 798,000, one-bedroom units from AED 1.06 million and two-bedroom homes from AED 1.78 million, alongside flexible layout options.
• The Yards Plaza, City of Arabia: Developer Beyond has introduced Flex Layout homes starting at AED 2.85 million, backed by a 40/60 payment plan, with handover targeted for the fourth quarter of 2029.
• Fala, Al Jadaf: Kasco Developments has unveiled a mixed-unit scheme spanning studios to three-bedroom residences, priced from AED 869,470, with completion expected in the fourth quarter of 2028.

Reading the Numbers

The spread of entry prices across these three launches, from under AED 800,000 to nearly AED 3 million, mirrors the broader market's current positioning: developers are testing varied price points rather than concentrating on a single segment. With the citywide median sitting at AED 1,688 per square foot and annual prices softening slightly, these projects appear calibrated to capture demand from both first-time buyers and those seeking larger, flexible layouts. The healthy 90-day sales count suggests absorption capacity remains intact despite the pricing dip.

Outlook

With multiple handovers scheduled for 2028 and 2029, the coming weeks will show whether this fresh supply keeps pace with the current pace of transactions or adds pressure to an already moderating price trend.