Dubai's property market recorded AED 176.7 billion in sales across nearly 48,000 transactions in Q1 2026, a 23.4% year-on-year increase in value and 5.5% rise in volume, according to fäm Properties.
Off-plan properties accounted for approximately 70% of total transactions and value, with March alone registering over 10,300 off-plan deals worth AED 31.2 billion. Average residential prices reached AED 1,949 per square foot, with off-plan apartments averaging AED 2,100 and secondary villas holding at AED 2,354 per square foot.
Activity was concentrated in Dubai South, Jumeirah Village Circle and emerging growth corridors, while the rental market logged over 139,000 transactions, reflecting sustained population growth and tenant demand. Luxury transactions continued to feature prominently at the top end of the market.
Gulf Economist Staff Writer