A Dubai brokerage founded less than two years ago has shut down, highlighting growing pressure on smaller agencies. Founder Alois Kugendran said Amaya & Co’s closure was driven not by a weak property market, but by rising competition, operating costs and increasingly expensive customer acquisition.

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Azizi Developments will pre-launch its AED30 billion Azizi Florence masterplan in Sharjah on September 10. The project will feature 1,130 villas, 6,000+ townhouses and 3,500 apartments, alongside extensive parks, schools, mosques, retail, cultural venues and wellness facilities.

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Binghatti plans to complete 10 projects worth AED7.5 billion within five months, with 94% already sold. The developer reported AED3 billion H1 profit and a AED44.2 billion development backlog, despite Moody’s reviewing its rating for downgrade over liquidity and cash-flow concerns.

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Dubai Financial Market added AED12.8 billion in market value during August, lifting capitalisation to AED973.14 billion as the index gained 0.69%. Real estate stocks were among the key drivers, with Emaar Properties leading market liquidity at AED4.2 billion, followed by Emaar Development at AED815.9 million.

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Binghatti has rejected liquidity concerns raised by Moody’s, saying it holds AED10.6 billion in escrow and is well positioned to repay upcoming debt, including a $500 million sukuk due in 2027.

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Dubai’s RTA awarded AED1.16 billion of contracts to upgrade Al Meydan Street, adding 17km of roads and 3.7km of bridges. Scheduled for completion by end-2028, the project will serve more than 500,000 residents and cut key journey times from 30 minutes to 10 minutes.

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Abu Dhabi’s rent restrictions could encourage tenants to remain in their homes longer by limiting landlords’ ability to raise rents between tenancies, Colliers said. The rules may improve housing-cost stability and tenant retention, while constraining landlord yields and potentially creating a two-tier market favouring newly completed properties.

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Dubai’s new shared housing law allows authorities to investigate overcrowding and illegal partitions following resident complaints and conduct surprise inspections. Occupants must permit authorised access, while inspectors must respect home privacy. General enforcement decisions can be challenged within 30 days, while eviction appeals have a seven-day deadline.

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Dubai’s real estate market recorded AED1,118.63 million in transactions on 31 August 2026. Off-plan properties generated AED570.66 million, contributing 51.0% of total transaction value, while ready properties accounted for AED547.97 million, or 49.0%. Off-plan activity exceeded the ready market by a relatively narrow AED22.69 million, reflecting an almost evenly balanced trading session.

Land transactions reached a separate AED475.07 million for the day.

Total Value: AED570.66 million
Share of Total Market: 51.0%

Flats remained the principal driver of off-plan activity, generating AED404.33 million and accounting for 70.9% of the segment.

Villas and commercial properties provided almost equal secondary contributions. Villas generated AED79.57 million, representing 13.9% of off-plan value, while commercial transactions reached AED77.16 million, or 13.5%.

Hotel apartments and rooms remained a relatively small component of new-development activity at AED9.60 million, equivalent to 1.7% of the off-plan market.

Total Value: AED547.97 million
Share of Total Market: 49.0%

Flats also dominated the ready market, recording AED374.84 million and contributing 68.4% of total ready-property transaction value.

Villas were considerably more prominent in the ready segment, generating AED115.91 million, equivalent to 21.2% of activity.

Hotel apartments and rooms recorded AED34.51 million, representing 6.3%, while commercial properties contributed AED22.71 million, or 4.1% of ready-market transactions.

Apartments remained Dubai’s principal transaction driver, generating a combined AED779.17 million across the off-plan and ready markets, equivalent to 69.7% of total transaction value.

Villas were the second-largest combined category at AED195.47 million, representing 17.5% of the market. Ready villas contributed the larger portion of this activity, with AED115.91 million, compared with AED79.57 million off-plan.

Commercial properties generated a combined AED99.87 million, or 8.9% of total activity, with the majority coming from the off-plan market. Hotel apartments and rooms accounted for a further AED44.11 million, representing 3.9%.

Overall, the final trading day of August reflected an unusually balanced market, with off-plan and ready properties accounting for 51.0% and 49.0% of transaction value respectively. Apartments remained dominant on both sides of the market, while stronger ready-villa activity and meaningful off-plan commercial transactions provided additional depth beyond the core apartment segment.

Data Source: Dubai Land Department

Only freehold transactions are included