Dubai Market Holds Steady as Median Price Hits AED 1,687/sqft

Market Snapshot

Dubai Land Department figures as of October 23 show a median price of AED 1,687 per square foot across the emirate, reflecting a 1.7% decline compared with the same period last year. Despite this softening, transaction volumes remain robust, with 31,717 sales recorded over the trailing 90 days, underscoring sustained buyer activity even as pricing growth cools.

Reading the Numbers

The combination of a modest price pullback and strong sales throughput suggests a market recalibrating rather than slowing in a meaningful way. Buyers appear to be taking advantage of more measured pricing, while sellers continue to find liquidity across a broad range of price points. This pattern is consistent with a maturing market where supply additions are helping to keep valuations in check without denting overall demand.

• Median price: AED 1,687/sqft
• 90-day sales volume: 31,717 transactions
• Year-on-year price movement: -1.7%

Industry Activity

On the ground, developer and brokerage engagement remains active. Stamn Development is hosting a networking brunch today at its Business Bay office, bringing together industry professionals for discussion and relationship-building, a reminder that community-level networking continues to underpin deal flow in the sector. Separately, Shakirov Developments, in partnership with Segrex, is promoting an exclusive offer on three-bedroom units at Blue Marina Residence on Dubai Islands, highlighting continued developer interest in waterfront and island-adjacent inventory as a differentiator for buyers seeking lifestyle-driven purchases.

Outlook

With pricing easing slightly and sales volumes holding firm, the coming weeks will test whether current momentum can be sustained heading into the final quarter of the year.