Dubai Real Estate Market Report – June 2026
Dubai's sales market pulled back sharply in June 2026. Measured on the apartment, villa and commercial basis, transaction volume fell 16% year on year to 13,699 deals, while value dropped 40% to AED 28.00 billion — a retreat far steeper in money terms than in count. Across every property type, including plots and buildings, the month closed with 13,933 transactions worth AED 33.21 billion at a median of AED 1,689/sqft.
The headline weakness, though, masks a market that held its pricing. The decline was concentrated in villas and amplified by a shift in what changed hands, rather than any broad erosion in per-square-foot values.
Headline figures
| Segment | Transactions | Value | Median price |
|---|
| All sales | 13,933 | AED 33.21 billion | AED 1,689/sqft |
| Primary (off-plan & developer) | 10,398 | AED 21.62 billion | AED 1,715/sqft |
| Resale (secondary) | 3,535 | AED 11.59 billion | AED 1,540/sqft |
Year-on-year performance by category
| Category | Volume | YoY | Value | YoY | Median price/sqft | YoY |
|---|
| Apartment | 11,700 | -10% | AED 17.87 billion | -33% | AED 1,702/sqft | -2% |
| Villa | 1,522 | -50% | AED 7.80 billion | -60% | AED 1,485/sqft | -2% |
| Commercial | 477 | +21% | AED 2.33 billion | +126% | AED 3,001/sqft | +72% |
Villas drove the decline. Just 1,522 villas sold in June, down 50% year on year, with value off 60% to AED 7.80 billion — the lowest June volume since 2020. The median villa ticket eased 24% to AED 3,100,000. This single category accounts for most of the market's year-on-year shortfall.
Apartments softened more gently and remain the backbone of activity. Volume slipped 10% to 11,700 sales and value fell 33% to AED 17.87 billion, while the median ticket came in at AED 1,038,187, down 19%. Crucially, the apartment median price held at AED 1,702/sqft, only 2% below a year ago and still 39% above the 2014 base.
Commercial was the sole category to grow, and it grew emphatically. Volume rose 21% to 477 deals — the highest June volume since 2014 — and value more than doubled, up 126% to AED 2.33 billion. Commercial pricing set a record too: at AED 3,001/sqft (up 72% and 198% above 2014), it marked the highest June price per square foot in the 13-year series, with the median ticket up 64% to AED 2,796,058.
The through-line is that prices held even as value fell. Both apartment and villa median price per square foot slipped only 2%, so the steep value declines reflect thinner transaction counts and a mix shift toward smaller or lower-priced units — visible in median tickets falling far faster than per-square-foot rates — rather than a genuine drop in prices.
Every category, including plots and buildings
| Category | Transactions | Value | Median price/sqft | Median price |
|---|
| Apartment | 11,700 | AED 17.87 billion | AED 1,702/sqft | AED 1,038,187 |
| Villa | 1,522 | AED 7.80 billion | AED 1,485/sqft | AED 3,100,000 |
| Plot | 230 | AED 5.20 billion | AED 802/sqft | AED 7,200,000 |
| Commercial | 477 | AED 2.33 billion | AED 3,001/sqft | AED 2,796,058 |
| Building | 4 | AED 4.75 million | AED 928/sqft | AED 1,197,505 |
Beyond the three headline categories, plots were a meaningful value contributor: 230 plot transactions generated AED 5.20 billion at a median ticket of AED 7,200,000 and AED 802/sqft, reflecting large-lot deal sizes. Building sales, by contrast, were negligible — just 4 deals worth AED 4.75 million.
Primary versus resale
New-build sales dominated, at 75% of volume and 67% of value — 10,272 primary deals worth AED 18.73 billion. Resale accounted for 25% of volume but a larger 33% of value (3,427 deals, AED 9.28 billion), an 8-point gap that shows secondary-market trades skewed toward higher-value stock.
Where the activity was
| # | Area by value | Value | Area by volume | Transactions |
|---|
| 1 | Dubai South | AED 3.12 billion | Dubai South | 2,917 |
| 2 | Business Bay | AED 2.22 billion | Jabal Ali First | 1,154 |
| 3 | Al Thanyah Fifth | AED 1.43 billion | Al Barsha South Fourth | 764 |
| 4 | Jabal Ali First | AED 1.41 billion | Wadi Al Safa 5 | 526 |
| 5 | Dubai Islands | AED 1.03 billion | Al Thanyah Fifth | 499 |
Dubai South led on both measures, topping value at AED 3.12 billion and volume at 2,917 transactions. Business Bay ranked second by value (AED 2.22 billion), followed by Al Thanyah Fifth (AED 1.43 billion) and Jabal Ali First (AED 1.41 billion) — the latter also second by volume at 1,154 deals.
Rental market
Leasing told a different story from sales. New contracts surged across every segment — apartment new leases up 46.29% to 14,121, villa up 35.15% to 2,261 and commercial up 27.55% to 1,949 — yet headline new rents softened slightly, with the median apartment new rent at AED 70,000, down 2.78%. Renewals, by contrast, firmed: apartment renewal rents rose 3.89% to AED 61,086.
| Category | Type | Contracts | YoY | Median rent | YoY | Median rent/sqft | YoY |
|---|
| Apartment | New | 14,121 | +46.29% | AED 70,000 | -2.78% | AED 91/sqft | -4.21% |
| Apartment | Renewal | 15,258 | +22.39% | AED 61,086 | +3.89% | AED 74/sqft | +8.82% |
| Villa | New | 2,261 | +35.15% | AED 180,000 | -2.70% | AED 72/sqft | 0% |
| Villa | Renewal | 2,170 | +24.14% | AED 166,329 | +7.31% | AED 64/sqft | +6.67% |
| Commercial | New | 1,949 | +27.55% | AED 120,000 | -9.43% | AED 126/sqft | -3.82% |
| Commercial | Renewal | 2,469 | +26.29% | AED 120,000 | +4.35% | AED 108/sqft | +6.93% |
Supply
Deliveries outpaced launches this month: 4,093 units were handed over across 13 projects against 2,696 units launched across 7 projects — a launch-to-delivery ratio of 0.7 and a net 1,397 more units delivered than launched.
Launched
- Kyomi Residence – Warsan Fourth (Anax), 121 units
- Arancia Yards By Beyond - Building C – Wadi Al Safa 4 (Beyond), 282 units
- Raw District By Imtiaz R - Building B – Jebel Ali (Imtiaz), 656 units
- 1wood Residence 2 – Al Barsha South Fourth (Object One), 209 units
- Azra Residence – Wadi Al Safa 5 (Enaam), 126 units
- The Hudson – Al Barsha South Fourth (Crystal Group), 96 units
- Raw District By Imtiaz Cr - Building D – Jebel Ali (Imtiaz), 1,206 units
Delivered
- Tulip Oasis 10 – Wadi Al Safa 3 (Ame Development), 130 units
- Vyb – Business Bay (Ginco), 181 units
- Azizi Central – Jabal Ali First (Azizi), 97 units
- Golf Residences By Fortimo – Hadaeq Sheikh Mohammed Bin Rashid (Fortimo), 200 units
- Eome – Palm Jumeirah (Blue Haven), 24 units
- Elvira 2 – Hadaeq Sheikh Mohammed Bin Rashid (Emaar), 902 units
- Sunrise Living At Jumeirah Park – Al Thanyah Fifth (Sunrise Valley), 161 units
- Samana Miami – Al Barsha South Fourth (Samana), 93 units
- Peninsula Four – Business Bay (Select Group), 1,040 units
- Golf Heights – Al Thanyah Third (Emaar), 281 units
- Erin – Al Wasl (Meraas), 202 units
- Damac Lagoons - Malta (1) – Al Hebiah Fifth (Damac), 760 units
- Alba – Wadi Al Safa 2 (Tiger), 22 units
Most expensive sales
Top apartment sales
- AED 53,000,000 – Baccarat Residence T2, Downtown Dubai
- AED 45,000,000 – Peninsula Dubai Residences - Tower 2, Jumeirah Second
- AED 42,545,000 – Solaya 5, Jumeirah First
- AED 40,000,000 – Baccarat Residence T1, Downtown Dubai
- AED 33,500,000 – The Address Residences Dubai Opera T2, Downtown Dubai
Top villa sales
- AED 88,800,000 – Hadaeq Sheikh Mohammed Bin Rashid
- AED 86,000,000 – Emirates Living
- AED 70,000,000 – World Islands
- AED 63,500,000 – Palm Jumeirah
- AED 57,000,000 – Wadi Al Safa 3
Notes on methodology
Scope. Headline totals and the category table cover every property category recorded in the data, including Plot and Building. The primary/resale split, top-area rankings and the year-on-year series cover Apartment, Villa and Commercial only, so those figures are deliberately smaller than the headline and should not be added across sections.
Rounding. Headline totals are the authoritative rounded figures. Category-level breakdowns are rounded independently and may not sum exactly to the headline.
Definitions. Price figures are medians, not averages. Year-on-year compares the period against the same period one year earlier. All values in AED; areas in square feet.