- Total units transacted across Dubai reached 9,850 in May, down 26% m/m and 45% y/y. The biggest annual drop in demand was observed for ready properties, as only 2,430 units were transferred, down 55% y/y.
- The dip in transactions was also partly due to the long Eid break.
- A growing number of developers offered DLD fee waivers and flexible payment plans to incentives buyers.
- Buyers and landlords remain misaligned on property valuations across most markets, resulting in longer lead time between shortlisting and transferring a property.
- Headline capital values remain stable across established and prime markets but have dropped by 5–7% m/m across upcoming locations with significant supply.
- New project launches remain low as developer focus shifts towards execution and project handover.
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