Dubai Home Prices Hold Near AED 1,691/sqft as New Launches Expand Supply

Market Pulse

Dubai Land Department figures through October 30 show a median price of AED 1,691 per square foot, with 31,588 transactions recorded over the trailing 90 days. The year-over-year change of -1.4% points to a market that has largely plateaued after several years of sharp appreciation, with pricing now consolidating rather than retreating sharply. The high transaction volume suggests buyer and investor interest remains steady despite the softer pricing trend, a pattern consistent with a maturing market absorbing recent supply.

New Supply Lands in Dubai South

Adding to that supply pipeline, Octa Properties and Lotus Living Properties have introduced Grosvenor House in Dubai South, offering one-bedroom apartments from AED 1 million and two-bedroom units starting at AED 1.33 million. Entry-level pricing in this bracket keeps the project within reach of a broad buyer base and reinforces Dubai South's position as one of the city's more accessible growth corridors, an area that has consistently drawn end-users and investors seeking value outside the established core districts.

Broker Networking and Regional Activity

Industry engagement continues locally and across the UAE. Stamn Development is hosting a networking brunch today at 1106 Court Tower in Business Bay, giving agents a chance to connect directly with developers. Beyond Dubai, brokers are also tracking regional opportunities, including an early-stage expression-of-interest launch for Radiant Legacy on Abu Dhabi's Al Reem Island, a BMW motorcycle incentive tied to sales at Ice Beach in Ras Al Khaimah's Marjan Beach, and an upcoming broker showcase for Azizi Florence in Sharjah on November 5. While outside Dubai proper, these initiatives reflect how closely the emirate's brokerage community is tied to activity across the broader UAE residential landscape.

• Dubai median price: AED 1,691/sqft, down 1.4% year-on-year
• 90-day transaction count: 31,588 recorded sales
• New Dubai launch: Grosvenor House, Dubai South, from AED 1 million

Outlook

With pricing stable and transaction volumes robust, attention through November is likely to centre on how incoming supply in growth areas like Dubai South is absorbed against this steady demand backdrop.