Dubai’s property market recorded total sales of Dh176.7 billion in the first quarter of 2026, with nearly 48,000 transactions completed, reflecting sustained demand and steady price growth. Data from real estate brokerage fäm Properties showed that transaction values increased by 23.4 per cent year-on-year, while transaction volumes rose by 5.5 per cent, indicating that price appreciation continues to drive market performance.
A separate report by Springfield Properties recorded Dh138.7 billion in transactions across 44,150 deals during the same period, highlighting a trend of higher-value transactions contributing to overall market growth.
Off-plan properties remained the primary driver of activity, accounting for around 70 per cent of total transactions and value. The segment continues to benefit from new project launches and competitive pricing, particularly in emerging residential communities.
In March alone, more than 10,300 off-plan transactions were recorded, with a combined value of Dh31.2 billion, underscoring consistent demand despite broader regional uncertainty.
Firas Al Msaddi, Chief Executive Officer of fäm Properties, said the market has demonstrated resilience. “The market continues to show clear stability even amid regional uncertainties,” he said.
Property prices remained firm across both apartments and villas. According to Springfield Properties, average residential prices reached Dh1,949 per square foot. Off-plan apartments averaged Dh2,100 per square foot, while secondary villas stood at Dh2,354 per square foot.
Villa segments recorded comparatively stronger gains in certain areas, supported by sustained demand for larger residential units.
Market activity continues to be driven by a combination of long-term investors and end-users. Buyers are increasingly focusing on value, pricing alignment, and long-term returns.
Farooq Syed, Chief Executive Officer of Springfield Properties, said demand remains stable. “The market is supported by strong interest from both investors and end-users who view Dubai as a long-term investment destination,” he said.
Transaction volumes were concentrated in key residential areas including Dubai South and Jumeirah Village Circle, as well as emerging districts offering new supply and competitive pricing.
Areas such as Al Barsha South Fourth and Al Yelayiss also recorded notable activity, supported by new developments and investor interest.
At the higher end of the market, luxury property transactions continued, reinforcing Dubai’s position as a global hub for premium real estate.
The rental sector also showed continued strength, with more than 139,000 rental transactions recorded during the quarter, supported by population growth and steady tenant demand.
The latest data indicates that Dubai’s real estate market remains stable, with strong fundamentals supporting continued growth despite evolving global conditions.
