Dubai recorded 86 luxury home sales exceeding $10 million in Q3 2026, worth AED 5.77 billion, with villas accounting for 64%. Transactions fell 34% QoQ, while prime prices declined 5%, their first quarterly drop since 2020. Palm Jumeirah led with 27 sales worth AED 2.01 billion.

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National Properties has completed its AED 1 billion 399 Hills Park development in Dubai Hills Estate, commencing handovers. The project comprises 399 residential units across two towers, with the sales tower fully sold. The company will retain the second tower as an income-generating asset to support recurring investment returns.

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Emaar’s AED 25 billion The Valley development has completed 2,354 homes, with further handovers underway. Property prices rose 97.6% between 2022 and 2026, reaching AED 1,589 per square foot. Spanning 6.3 million square metres, the community offers extensive amenities, green spaces and expanding infrastructure.

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Dubai’s Rental Disputes Center has warned landlords, tenants and brokers to carefully review tenancy agreements following rising disputes over overlooked clauses and undocumented arrangements. The RDC emphasised Ejari registration, formally documenting amendments, and understanding payment obligations, eviction procedures and penalties to prevent costly legal disputes.

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Dubai-based HOLM Developments is committed to its growth strategy, maintaining a long-term view rather than shifting focus with every short-term development.

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Zoya Developments has begun construction on Elinor, its AED 104 million residential project in Dubai South, following a complete sellout within two weeks of launch. Scheduled for Q3 2028 handover, the fully furnished development strengthens Zoya’s growing Dubai portfolio, now valued at AED 1.2 billion, including pipeline projects.

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Alef Group’s AED 1.2 billion Seef Residences in Sharjah attracted expressions of interest equivalent to 150% of its 862 units within an hour of launch. Scheduled for completion in September 2030, the waterfront development launches as Sharjah’s property transactions reached AED 46.8 billion, up 5.6% in the first nine months of 2026.

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Rents in Abu Dhabi are beginning to fall after the emirate froze increases on lease renewals earlier this year, easing some pressure on tenants after years of rapid rises.
Abu Dhabi suspended rent increases on renewals in June after years of double-digit growth had priced out residents. Four months later rents are falling across the city.

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Abu Dhabi could see 30 residential project launches worth AED 33 to 45 billion before year-end 2026. Off-plan accounted for 82% of transactions, while resales rose 34% YoY. Apartment and villa resale prices increased 20% and 12%, respectively, as buyers became increasingly selective.

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Dubai’s real estate market recorded AED 1,184.03 million in transactions on 21 October 2026. Off-plan properties generated AED 676.76 million, contributing 57.2% of total transaction value, while ready properties accounted for AED 507.27 million, or 42.8%. Off-plan activity exceeded ready-market sales by approximately AED 169.50 million.

Land transactions reached AED 468.17 million for the day.

Total Value: AED 676.76 million
Share of Total Market: 57.2%

Flats dominated the off-plan segment, generating AED 415.17 million, or 61.3% of its total value. Commercial properties emerged as the second-largest contributor at AED 147.31 million (21.8%), outperforming villas, which recorded AED 106.97 million (15.8%). Together, commercial properties and villas represented 37.6% of off-plan activity, reflecting meaningful participation beyond apartments. Hotel apartments and rooms contributed a modest AED 7.32 million (1.1%).

Total Value: AED 507.27 million
Share of Total Market: 42.8%

Flats maintained a commanding position in the ready segment, generating AED 378.68 million, equivalent to 74.7% of total ready-market value. Villas followed with AED 78.74 million (15.5%), while hotel apartments and rooms contributed AED 28.72 million (5.7%). Commercial properties accounted for AED 21.12 million (4.2%).

Unlike the off-plan segment, where commercial transactions represented a substantial share, ready-market activity was heavily concentrated in apartments. Flats and villas together generated AED 457.43 million, accounting for approximately 90.2% of ready-market transactions by value.

Apartments remained the principal driver of Dubai's property market, generating a combined AED 793.85 million across off-plan and ready transactions, representing 67.0% of total transaction value. This reinforces the segment's dominant position in both markets, although its contribution was considerably higher in the ready segment.

The off-plan market maintained its lead with 57.2% of total sales value, supported by substantial commercial activity. Commercial transactions across both segments reached AED 168.43 million, accounting for 14.2% of the market, with off-plan properties contributing the overwhelming majority. Meanwhile, land transactions worth AED 468.17 million, reported separately, highlighted additional activity beyond the residential and commercial property categories.

Overall, the day's performance reflected a market where off-plan sales retained the lead, supported by a broader distribution across apartments, villas and commercial properties. In contrast, the ready market demonstrated a stronger concentration in apartments, suggesting that the two segments continue to attract different patterns of investment activity.

Data Source: Dubai Land Department

Only freehold transactions are included