Dubai Real Estate Market Report — June, 2026

Dubai Real Estate Market Report – June 2026

June 2026 brought a pronounced cooling across Dubai's sales market. On the apartment, villa and commercial basis, transaction volume slipped 16% year on year to 13,699 deals, while value came down 40% to AED 28.00 billion — a pullback that ran far deeper in dirham terms than in deal count. Counting every property type, plots and buildings included, the month wrapped up with 13,933 transactions worth AED 33.21 billion at a median of AED 1,689/sqft.

That soft headline, however, hides a market whose pricing barely moved. The weakness was largely a villa story, magnified by a change in the mix of what sold — not a wholesale slide in per-square-foot values.

Headline figures

Year-on-year performance by category

Villas were the engine of the downturn. Only 1,522 changed hands in June, a 50% year-on-year drop, with value down 60% to AED 7.80 billion — the weakest June volume since 2020. The median villa ticket softened 24% to AED 3,100,000. On its own, this one category explains the bulk of the market's year-on-year shortfall.

Apartments gave up less ground and stayed the market's mainstay. Volume edged down 10% to 11,700 sales and value declined 33% to AED 17.87 billion, with the median ticket landing at AED 1,038,187, a 19% decrease. Tellingly, the apartment median price held firm at AED 1,702/sqft, just 2% below a year earlier and still 39% above the 2014 base.

Commercial stood alone as the one category to advance, and it did so decisively. Volume climbed 21% to 477 deals — the strongest June showing since 2014 — while value more than doubled, rising 126% to AED 2.33 billion. Pricing set a record as well: at AED 3,001/sqft (up 72%, and 198% above 2014), it was the highest June price per square foot across the 13-year series, with the median ticket up 64% to AED 2,796,058.

The common thread is that prices held even as value receded. Median price per square foot for both apartments and villas eased just 2%, so the sharp value declines trace back to fewer transactions and a tilt toward smaller or cheaper units — evident in median tickets sliding far faster than per-square-foot rates — rather than any real fall in prices.

Every category, including plots and buildings

Outside the three headline categories, plots pulled real weight on value: 230 plot deals produced AED 5.20 billion at a median ticket of AED 7,200,000 and AED 802/sqft, a reflection of large-lot transaction sizes. Building sales, on the other hand, were marginal — a mere 4 deals worth AED 4.75 million.

Primary versus resale

New-build sales set the pace, making up 75% of volume and 67% of value — 10,272 primary deals worth AED 18.73 billion. Resale represented 25% of volume but a heftier 33% of value (3,427 deals, AED 9.28 billion); that 8-point gap points to secondary-market trades leaning toward higher-value stock.

Where the activity was

Dubai South headed both rankings, leading value at AED 3.12 billion and volume at 2,917 transactions. Business Bay came second by value (AED 2.22 billion), ahead of Al Thanyah Fifth (AED 1.43 billion) and Jabal Ali First (AED 1.41 billion) — the last of which also placed second by volume with 1,154 deals.

Rental market

Leasing painted a different picture from sales. New contracts jumped across every segment — apartment new leases up 46.29% to 14,121, villa up 35.15% to 2,261 and commercial up 27.55% to 1,949 — even as headline new rents eased a little, the median apartment new rent sitting at AED 70,000, down 2.78%. Renewals moved the other way and firmed: apartment renewal rents rose 3.89% to AED 61,086.

Supply

Handovers outran launches over the month: 4,093 units were delivered across 13 projects versus 2,696 units launched across 7 — a launch-to-delivery ratio of 0.7 and a net 1,397 more units delivered than launched.

Launched

• Kyomi Residence – Warsan Fourth (Anax), 121 units
• Arancia Yards By Beyond - Building C – Wadi Al Safa 4 (Beyond), 282 units
• Raw District By Imtiaz R - Building B – Jebel Ali (Imtiaz), 656 units
• 1wood Residence 2 – Al Barsha South Fourth (Object One), 209 units
• Azra Residence – Wadi Al Safa 5 (Enaam), 126 units
• The Hudson – Al Barsha South Fourth (Crystal Group), 96 units
• Raw District By Imtiaz Cr - Building D – Jebel Ali (Imtiaz), 1,206 units

Delivered

• Tulip Oasis 10 – Wadi Al Safa 3 (Ame Development), 130 units
• Vyb – Business Bay (Ginco), 181 units
• Azizi Central – Jabal Ali First (Azizi), 97 units
• Golf Residences By Fortimo – Hadaeq Sheikh Mohammed Bin Rashid (Fortimo), 200 units
• Eome – Palm Jumeirah (Blue Haven), 24 units
• Elvira 2 – Hadaeq Sheikh Mohammed Bin Rashid (Emaar), 902 units
• Sunrise Living At Jumeirah Park – Al Thanyah Fifth (Sunrise Valley), 161 units
• Samana Miami – Al Barsha South Fourth (Samana), 93 units
• Peninsula Four – Business Bay (Select Group), 1,040 units
• Golf Heights – Al Thanyah Third (Emaar), 281 units
• Erin – Al Wasl (Meraas), 202 units
• Damac Lagoons - Malta (1) – Al Hebiah Fifth (Damac), 760 units
• Alba – Wadi Al Safa 2 (Tiger), 22 units

Most expensive sales

Top apartment sales

1. AED 53,000,000 – Baccarat Residence T2, Downtown Dubai
2. AED 45,000,000 – Peninsula Dubai Residences - Tower 2, Jumeirah Second
3. AED 42,545,000 – Solaya 5, Jumeirah First
4. AED 40,000,000 – Baccarat Residence T1, Downtown Dubai
5. AED 33,500,000 – The Address Residences Dubai Opera T2, Downtown Dubai

Top villa sales

1. AED 88,800,000 – Hadaeq Sheikh Mohammed Bin Rashid
2. AED 86,000,000 – Emirates Living
3. AED 70,000,000 – World Islands
4. AED 63,500,000 – Palm Jumeirah
5. AED 57,000,000 – Wadi Al Safa 3

Notes on methodology

Scope. Headline totals and the category table span every property category in the data, Plot and Building included. The primary/resale split, top-area rankings and the year-on-year series cover only Apartment, Villa and Commercial, so those figures are intentionally smaller than the headline and should not be summed across sections.

Rounding. The headline totals are the authoritative rounded figures. Category-level breakdowns are rounded on their own and may not add up exactly to the headline.

Definitions. Price figures are medians rather than averages. Year-on-year sets the period against the same period a year earlier. All values are in AED; areas in square feet.