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Dubai property market update: November 2026

Dubai skyline seen from the sea at sunset

This is where the Dubai property market stands at the start of November 2026, using the latest Dubai Land Department figures and the main market reports. We update this page every month.

The short version

Fewer homes are selling than in 2025, but prices in most areas are holding. Buyers are choosing ready homes they can move into or rent out straight away, and off plan sales have slowed. For buyers that means more room to negotiate. For sellers it means pricing right from day one matters more than it did a year ago.

Sales

From January to October 2026 Dubai recorded 181,866 property transactions worth AED 625 billion, and sales made up AED 412 billion of that, according to Dubai Land Department data. Business Bay, Airport City and Al Yalayis 1 were among the most active areas.

The third quarter was quieter. Around 34,000 homes sold between July and September for about AED 72.6 billion. Off plan still made up roughly 69% of home sales, but ready homes were the part of the market that grew, with more resale deals than in the quarter before.

September alone had 10,108 home sales worth AED 21.3 billion. That is about 47% fewer sales than in September 2025.

Most deals are still at the everyday end of the market. About 84% of transactions in the third quarter were under AED 3 million, and about 40% were under AED 1 million.

Prices

Asking prices were mostly flat in the third quarter. Bayut’s quarterly report found most apartment areas moved by less than 3%, up or down. Some average asking prices per square foot:

The median price of a home sold in September was AED 1.28 million, and the median price per square foot was AED 1,639.

Rents

Rents have stopped climbing in most areas. Bayut saw small drops in asking rents in JVC, Business Bay and Arjan, and slight corrections in Dubai Marina and Downtown. In a Bayut and dubizzle survey, half of renters expect rents to stay the same over the next year.

Rental returns are still good. Bayut estimates gross yields of around 7.4% in Town Square, 7.1% in JVC, 6.1% for villas in The Sustainable City and 5.5% in Tilal Al Ghaf.

What this means for you

If you are buying, you have more room to negotiate than you did a year ago. Ask for recent sale prices in the exact building before you make an offer, and don’t assume the asking price is the market price.

If you are buying off plan, choose the developer and the handover date with care. A lot of new homes are due over the next few years, so check how many units are being finished near yours at the same time.

If you are selling, price close to recent sales from the start. Homes that sit on the portals for months usually sell for less in the end.

If you are renting, you have more choice than last year, especially in apartment areas with lots of new buildings. It is worth asking landlords for more cheques or a small discount.

Sources

Dubai Land Department figures as reported by Emirates 24|7 (31 October 2026) and Projectory Research (2 October 2026), Springfield Properties data in Arabian Business (5 October 2026), and the Bayut Q3 2026 report as covered by Gulf Today (28 October 2026). Figures are rounded. Message us for the latest numbers in a specific building.