Dubai's off-plan residential apartment market recorded AED 17.5 billion in sales during March 2026, a 12.9% increase year-on-year, according to analysis of Dubai Land Department data by Al Masdar Al Aqaari. Transaction volumes rose 2.3% to 7,983 deals over the same period.
Demand was concentrated in areas including Madinat Al Mataar and Dubai Islands, with the ultra-luxury segment driving much of the growth. A single apartment at Aman Residences transacted for AED 422 million, underscoring continued appetite at the top end of the market.
S&P has said Dubai is unlikely to lose its safe-haven appeal or face a 2008-style correction, noting that government visa reforms have shifted the buyer profile from speculative to long-term. The ratings agency added that drone and missile damage to real estate assets has not been beyond repair.
Gulf Economist Staff Writer