Real Estate - Market Insights, Dubai Residential

• Year-to-date unit transfers have fallen to 128,000, down 25% from 2025.
• Only 11,000 units sold in October, down 41% compared to previous year; demand for ready properties dropped by 28%, while off-plan transactions fell by 47%.
• Supply addition has slowed versus 2024 and 2025; developers have announced an additional 50,000 units in 2026 and deferred new launches to the next year.
• New completions over the coming months are likely to push capital and rental values down as demand continues to lag compared to 2025 levels.

The gradual uptick in demand we expected at the start of the fourth quarter has not materialised. Market sentiment remains bearish heading into the final months of 2026. Only 11,000 units were transferred in October, compared to 18,800 units in 2025.

The share of ready-property transactions in overall transaction volumes has risen from 28% in January to 35% in October. However, overall volumes are down 28% versus 2025 levels.

Project handovers remain a priority for developers. More than 41,500units have been delivered across the city this year. A higher handover volume is in the pipeline for 2027.

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