Dubai Residential Review - Q1 2026

• Following the exceptional year of growth in transaction volumes, market activity remained buoyant in the first two months of 2026. More than 32,200 residential units were transacted in Jan and Feb, up by 12% y/y.
• The growth momentum, however, was disrupted by the conflict as transactions dropped to 12,900 units in March from an average of 16,100 units sold during the first two months of the year.
• Despite the drop in transactions in March, the total number of units sold across Dubai in Q1 was up 4% y/y with more than 45,200 property transfers across the city.
• Properties priced above AED 10mn saw a significant increase in demand during Q1 with more than 2,076 transactions recorded. The number of units sold was up 57% y/y compared with the 1,319 units sold in Q1 2025.
• The projected handover of more than 50,000 units by the end of the year and the uncertain economic conditions are weighing on property prices, especially across locations with large supply.

Please reach out to your relationship manager for a copy of the report.