Dubai Real Estate Market Update: July 2026

On the surface the figures here look alarming, but it's important to highlight that the figures we're reporting on from the Dubai Land Department reflect deals that would have been agreed upon in March/ April - right at the height of the regional tensions. What we're seeing in the data now, is a reflection of the impact of events earlier in the year. As you read through to the Allsopp & Allsopp data, you will see what happened 'on the ground' in July.

With that in mind, Dubai's real estate market recorded AED 32.7 billion in total sales value in July 2026, according to Dubai Land Department data, up 3% month-on-month, though down against July 2025's exceptionally strong comparative base. Total transaction volume reached 13,405, up 3% on June, with the average sale price settling at AED 2,440,486.

Residential property continued to dominate the market's composition, accounting for 95% of total volume and 79% of value in July, with commercial transactions making up the remainder at 689 deals worth AED 6.9 billion. Despite accounting for just 5% of transaction volume, commercial deals delivered 21% of total value, underlining just how much larger the average commercial transaction is. This reflects the nature of commercial activity in Dubai, where office, retail and land transactions tend to be far larger individually than the typical residential sale.

Off-plan sales continued to anchor the market, with 9,293 transactions worth AED 16.8 billion, representing 69% of volume and 65% of residential value. The secondary market saw a stronger month-on-month lift, up 17.35% to 3,423 transactions worth AED 9 billion. Given the transfer lag, this points to resale buyers committing back in spring, worth watching for whether it holds as more recent, post-uncertainty deals work their way through the pipeline in the coming months.

By property type, villa and townhouse transactions reached 1,368 units at an average price of AED 6,074,999, up month-on-month, while apartments accounted for the bulk of volume at 11,348 transactions, with an average price of AED 1,538,886. Villas and townhouses continued to command a disproportionate share of value, representing 32% of total value from just 11% of volume.

The month's standout transactions underlined continued strength at the top end of the market. The five largest villa and townhouse sales included a Wildflower villa in Jumeirah Golf Estates for AED 110 million, a unit at The Oasis for AED 72.67 million, a Frond M villa on Palm Jumeirah for AED 63 million, a plot on Al Wasl for AED 60 million, and a villa in Emirates Hills for AED 56 million. On the apartment side, the top sale was a unit at Jumeirah 2's Aman Residences for AED 164.1 million, followed by a Dubai Silicon Oasis penthouse at AED 100 million, and three further transactions on Palm Jumeirah and International City each above AED 74 million.

At a community level, Dubai South led total sales volume with 2,334 transactions, followed by Downtown Jebel Ali (881), Jumeirah Village Circle (864), Azizi Milan (624) and Dubai Residence Complex (448).

Completed units reached 4,782 in July, a 51% increase compared to July 2025. Unlike sales figures, completions reflect construction progress rather than agreements signed months earlier, so this is a cleaner read on the pipeline holding steady regardless of shorter-term sentiment shifts. On the commercial side, office transactions totalled 376 deals worth AED 1.37 billion, with the average office sale price up 55% year-on-year to AED 3,635,993, even as month-on-month pricing softened. Retail and warehouse transactions totalled 145 deals worth AED 552 million.

Taken together, July's transfers show deals struck earlier in the year working their way through the system in reasonable volume. Whether that translates into genuine renewed momentum, rather than simply spring-era decisions catching up, will depend on how August and September data, closer to real-time contract activity, comes in.

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