Dubai Real Estate Market Report — February, 2026

Dubai Real Estate Market Report – February 2026

Dubai's property market opened February 2026 with a record-setting month. Across every property type, 17,040 transactions changed hands for a combined AED 60.80 billion, at a median of AED 1,742/sqft. Narrowed to the comparable apartment, villa and commercial basis, deal volume climbed +6% year on year to 16,594 while value rose +16% to AED 49.68 billion versus February 2025 — the best February for both measures in the 13-year series that begins in 2014.

The gains were not spread evenly. Apartments and commercial property set the pace, while villas were the only category to post fewer deals than a year earlier — a volume story rather than a pricing one, since villa prices actually climbed sharply over the same period.

Headline figures

Year-on-year performance by category

Apartments led the expansion. The segment recorded 12,997 sales, up +15% year on year and 1,669 more than the same month last year — the highest February volume in the 13-year series. Value climbed at an even faster pace, at +24% to AED 26.69 billion, as the median price firmed to AED 1,740/sqft (+6% year on year and +45% above the 2014 base), itself the highest February price per square foot on record. With the median apartment ticket at AED 1,381,000 (+8%), the segment combined record depth with steadily climbing prices.

Villas were the only category to slip — but purely on volume. Sales fell -29% to 2,780, some 1,149 fewer than a year earlier, while value eased a far gentler -6% to AED 18.84 billion. The gap between those two figures tells the whole story: villa pricing held strong, not soft. The median reached AED 1,737/sqft, up +19% year on year and +140% since 2014 — the highest February figure in the series — and the median villa ticket climbed +27% to AED 4,130,000. Fewer homes changed hands, but each fetched substantially more.

Commercial property was the month's standout. Though the smallest of the three segments at 817 deals, it grew +86% year on year — 377 more transactions than last February and a record February volume — while value more than tripled, up +246% to AED 4.15 billion. Pricing ran hot too: the median reached AED 2,509/sqft, up +76% on the year and +122% above 2014, again a series high, with the median commercial ticket up +79% to AED 2,458,950.

Every category, including plots and buildings

Beyond the three headline segments, land traded in sizeable volume. Some 435 plot transactions generated AED 11.11 billion in value — more than commercial property's entire tally — at a median of AED 343/sqft and a median ticket of AED 4,460,000, a profile consistent with large master-planned land parcels rather than built product. Building sales, by contrast, were negligible at just 11 deals worth AED 9.06 million.

Primary versus resale

Primary, off-plan and developer sales continued to dominate, accounting for 67% of transactions and 68% of value: 11,151 deals worth AED 33.94 billion. Resale activity made up the balance — 5,443 transactions, or 33% of volume, contributing AED 15.74 billion (32% of value). With resale's value share sitting just below its volume share, the market remains led by new-build launches, secondary tickets running only marginally smaller than primary ones.

Where the activity was

By value, Al Yelayiss 1 led the market with AED 3.20 billion, followed by Al Yelayiss 5 (AED 2.41 billion), Business Bay (AED 2.28 billion), Me'Aisem Second (AED 2.27 billion) and Marsa Dubai (AED 2.12 billion) — a mix of land-rich master-planned zones and established apartment districts. By deal count the picture shifts toward high-volume communities: Al Barsha South Fourth topped the table with 1,161 transactions, ahead of Dubai South (965), Wadi Al Safa 5 (950), Al Yelayiss 1 (934) and Wadi Al Safa 3 (784). Al Yelayiss 1's presence near the top of both lists underlines its scale this month.

Rental market

The leasing market stayed firmly landlord-favoured. New apartment contracts rose +14.29% to 12,566 with the median new rent up +7.14% to AED 75,000, while the larger pool of renewals grew +11.27% to 14,527 at a median of AED 58,424 (+6.23%) — the spread between the two showing the premium tenants pay to move rather than stay. Villa leasing followed the same pattern: new contracts up +18.11% to 1,585 at a median AED 185,000, renewals up +3.39% to 1,433 at AED 165,000. Commercial was the outlier — new contracts fell -16.45% to 1,849, yet the median new rent leapt +36.36% to AED 150,000 and renewals held firm at 2,295 (+2.96%), pointing to tight, high-value space rather than weak demand.

Supply

Supply ran well ahead of completions. Developers launched roughly 7,500 units across 29 projects during the month, against 2,192 units delivered from 13 projects — a launch-to-delivery ratio of 3.4 and a net 5,308 more units launched than handed over. That pipeline gap sits comfortably with the primary market's continued dominance of sales, though it also builds future completion risk if launches keep outpacing deliveries.

Launched

• Samana Business Park 2 – Wadi Al Safa 3 (Samana), 174 units
• Windsor House Ii - Tower B – Dubai South (Ellington), 424 units
• Sky Harmony By Peace Homes – Al Barsha South Fourth (Peace Homes), 197 units
• Hqa By Arista – Jabal Ali First (Arista), 52 units
• Piazza Roma Tower B – Al Hebiah Fifth (Damac), 86 units
• Aum 99 Residences – Wadi Al Safa 5 (Ag Properties), 186 units
• Golf Vale – Dubai South (Emaar), 262 units
• Symphony By Chaimaa – Wadi Al Safa 3 (Chaimaa Holding), 71 units
• Azizi David – Al Jaddaf (Azizi), 256 units
• Park Residency – Warsan Fourth, 98 units
• Serenz By Danube - Tower B – Al Barsha South Fourth (Danube), 1,227 units
• Verdana 4 Residence – Dubai Investment Park First (Reportage), 392 units
• Verdana 7 Residence – Dubai Investment Park First (Reportage), 684 units
• Verdana 6 Residence – Dubai Investment Park First (Reportage), 363 units
• Tura Residence – Nad Al Sheba First (Namat), 23 units
• Prestige Gardens By Prestige One – Al Satwa (Prestige One), 48 units
• Courtyard One – Dubai South (Golden Light), 47 units
• Rabdan Gardens – Al Satwa (Rabdan), 90 units
• Timber Terrace – Dubai South (Vakson), 77 units
• Verdana 8 Residence – Dubai Investment Park First (Reportage), 210 units
• Terra Woods - Townhouses – Dubai South (Emaar), 824 units
• Verdana 3 Residence – Dubai Investment Park First (Reportage), 278 units
• Nuve By Zoya – Wadi Al Safa 5 (Zoya), 232 units
• Nirvana Residences - I – Me'Aisem First (Meraki Developers), 326 units
• Verdana 10 Residence – Dubai Investment Park First (Reportage), 191 units
• Seacliff By Imtiaz – Dubai Islands (Imtiaz), 179 units
• Enre Residence By Imtiaz – Dubai South (Imtiaz), 170 units
• Barari Parks By Bahat – Wadi Al Safa 3 (Bahat), 52 units
• Belmont – Al Yelayiss 2 (Nshama), 281 units

Delivered

• Samana Santorini – Al Hebiah Second (Samana), 157 units
• Park Lane 2 By Heilbronn – Al Barsha South Fourth (Heilbronn), 84 units
• Elevate By Prescott – Al Barsha South 3 (Prescott), 223 units
• Peninsula Two – Business Bay (Select Group), 462 units
• Coral By Vision – Al Satwa (Vision Developments), 88 units
• Aura Elegance – Nadd Hessa (Aura Infinite), 109 units
• Century – Business Bay (Ambs), 217 units
• Milestone Residences – Al Barsha South Fifth (Axiom Prime), 54 units
• Ashton Park – Al Barsha South Fourth (Mirfa Ibc Developers), 99 units
• The Roof Residence – Nad Al Sheba First (Soboh), 68 units
• Stonehenge Residences 2 – Al Barsha South Fourth (Segrex), 156 units
• Damac Lagoons - Santorini (2) – Al Hebiah Fifth (Damac), 388 units
• Deansgate By Ade – Wadi Al Safa 3 (Ade Properties), 87 units

Most expensive sales

Top apartment sales

1. AED 210,000,000 – Peninsula Dubai Residences - Tower 2, Jumeirah Second
2. AED 98,000,000 – Passo By Beyond - Tower B, Palm Jumeirah
3. AED 49,628,000 – Solaya 4, Jumeirah First
4. AED 47,797,000 – Solaya 1, Jumeirah First
5. AED 38,749,920 – Baccarat Residence T1, Downtown Dubai

Top villa sales

1. AED 350,000,000 – Jumeirah First
2. AED 115,000,000 – Palm Jumeirah
3. AED 68,575,000 – World Islands
4. AED 65,000,000 – Al Thanyah Fifth
5. AED 63,000,000 – Hadaeq Sheikh Mohammed Bin Rashid

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.