Dubai Market Holds Steady as New Launches Target Entry Buyers

Market Snapshot

Dubai Land Department figures as of October 28 show a median transaction price of AED 1,688 per square foot, with 31,850 sales recorded over the past 90 days. On an annual basis, pricing is down 1.7%, pointing to a market that remains active in volume terms even as price growth has cooled. The scale of recent activity suggests buyer appetite is intact, with the softer pricing trend likely reflecting a broader mix of unit types and locations entering the market rather than a pullback in demand.

New Supply in Focus

Refine Development and Hausen Developments have introduced Haus 99 Residences in Jumeirah Village Triangle, offering studios from AED 594,000 up to four-bedroom units priced from AED 3.77 million. The project's 30/70 payment structure is aimed at widening access for buyers seeking lower upfront commitments, a pattern consistent with continued end-user and investor interest in JVT's mid-market segment.

Separately, Ajmal Makan has opened expressions of interest for Verde Villas on Al Thuraya Island, a boutique collection of 32 four-bedroom garden villas starting at AED 3.6 million. With a refundable AED 50,000 deposit and a formal launch slated for November 11, the release adds to the limited pool of villa product on Dubai's man-made island developments, a category that typically commands sustained interest given constrained supply.

Commercial Market Spotlight

Attention also turns to the office segment, with Ellington hosting an online broker tour of Berkeley Tower on October 29. The Grade A office asset offers brokers a closer look at Dubai's commercial leasing and investment landscape, a segment that has drawn growing institutional and private capital interest as occupier demand for quality office space strengthens across business districts.

Outlook

With transaction volumes holding firm against a mild annual price correction, the coming weeks of new launches and commercial market engagement will offer further signals on how buyer preferences are shifting across residential and office assets.