Monthly Market Report

Monthly Market Report: September 2026

Median AED 1,669 per sq ft, 66% off-plan, 47,216 new leases; compared with August 2026 and September 2025.

2026-09Published: Data as of:

Sales
11,484
vs. August 2026: −5.5% · vs. September 2025: −43.4%
Sales value
AED 29.84 bn
vs. August 2026: +3.7% · vs. September 2025: −44.9%
Median price per sq ft
AED 1,669
vs. August 2026: −1.6% · vs. September 2025: −1.2%
Median sale price
AED 1,325,008
vs. August 2026: +10.4% · vs. September 2025: −5.8%
Off-plan share of sales
65.6%
vs. August 2026: −2.2 pp · vs. September 2025: −5.1 pp
Mortgages
3,881
vs. August 2026: +11.2% · vs. September 2025: +6.5%
Gifts
796
vs. August 2026: +26.3% · vs. September 2025: −13.8%
Property valuations
537
vs. August 2026: +26.7% · vs. September 2025: −18.9%
New leases
47,216
vs. August 2026: +8.6% · vs. September 2025: +1.1%
Renewed leases
31,299
vs. August 2026: −16.6% · vs. September 2025: −28.2%
Median annual residential rent
AED 68,000
vs. August 2026: −0.7% · vs. September 2025: +2.3%

In September 2026, 11,484 property sales worth AED 29.84 bn were registered in Dubai. The number of sales was down 5.5% on August 2026 and down 43.4% on September 2025; the value of sales was up 3.7% on August 2026 and down 44.9% on September 2025.

Off-plan properties accounted for 65.6% of sales, compared with 70.7% in September 2025. The median price was AED 1,669 per sq ft, down 1.2% on September 2025.

Leases starting in September 2026: 47,216 new and 31,299 renewed contracts. The median annual residential rent was AED 68,000, up 2.3% on September 2025.

Sales per month, last 13 months (sales)
05K10K15KSep 2025Nov 2025Jan 2026Mar 2026May 2026Jul 2026Sep 2026Sep 2025: 14,351 salesOct 2025: 12,971 salesNov 2025: 12,670 salesDec 2025: 13,433 salesJan 2026: 10,855 salesFeb 2026: 10,562 salesMar 2026: 9,674 salesApr 2026: 10,279 salesMay 2026: 7,579 salesJun 2026: 9,965 salesJul 2026: 9,668 salesAug 2026: 8,231 salesSep 2026: 7,530 salesSep 2025: 5,943 salesOct 2025: 6,757 salesNov 2025: 6,065 salesDec 2025: 5,738 salesJan 2026: 6,028 salesFeb 2026: 6,466 salesMar 2026: 4,176 salesApr 2026: 3,797 salesMay 2026: 2,873 salesJun 2026: 3,800 salesJul 2026: 4,305 salesAug 2026: 3,921 salesSep 2026: 3,954 sales
Sales per month, last 13 months
Off-planReady
Sep 202514,351 sales5,943 sales
Oct 202512,971 sales6,757 sales
Nov 202512,670 sales6,065 sales
Dec 202513,433 sales5,738 sales
Jan 202610,855 sales6,028 sales
Feb 202610,562 sales6,466 sales
Mar 20269,674 sales4,176 sales
Apr 202610,279 sales3,797 sales
May 20267,579 sales2,873 sales
Jun 20269,965 sales3,800 sales
Jul 20269,668 sales4,305 sales
Aug 20268,231 sales3,921 sales
Sep 20267,530 sales3,954 sales
Sales value per month, last 13 months (AED bn)
020406080Sep 2025Nov 2025Jan 2026Mar 2026May 2026Jul 2026Sep 2026Sep 2025: 54.2 AED bnOct 2025: 58.41 AED bnNov 2025: 63.57 AED bnDec 2025: 64.82 AED bnJan 2026: 70.05 AED bnFeb 2026: 61.64 AED bnMar 2026: 44.45 AED bnApr 2026: 48.76 AED bnMay 2026: 29.42 AED bnJun 2026: 32.65 AED bnJul 2026: 34.95 AED bnAug 2026: 28.78 AED bnSep 2026: 29.84 AED bn
Sales value per month, last 13 months
Sales value
Sep 202554.2 AED bn
Oct 202558.41 AED bn
Nov 202563.57 AED bn
Dec 202564.82 AED bn
Jan 202670.05 AED bn
Feb 202661.64 AED bn
Mar 202644.45 AED bn
Apr 202648.76 AED bn
May 202629.42 AED bn
Jun 202632.65 AED bn
Jul 202634.95 AED bn
Aug 202628.78 AED bn
Sep 202629.84 AED bn
Median price per sq ft per month, last 13 months (AED per sq ft)
1.2K1.4K1.6K1.8K2KSep 2025Nov 2025Jan 2026Mar 2026May 2026Jul 2026Sep 2026Sep 2025: 1,688.81 AED per sq ftOct 2025: 1,687.94 AED per sq ftNov 2025: 1,756.78 AED per sq ftDec 2025: 1,804.44 AED per sq ftJan 2026: 1,788.14 AED per sq ftFeb 2026: 1,749.77 AED per sq ftMar 2026: 1,729.58 AED per sq ftApr 2026: 1,838.99 AED per sq ftMay 2026: 1,650.98 AED per sq ftJun 2026: 1,686.05 AED per sq ftJul 2026: 1,684.89 AED per sq ftAug 2026: 1,696.49 AED per sq ftSep 2026: 1,669.36 AED per sq ftSep 2025: 1,430.68 AED per sq ftOct 2025: 1,437.97 AED per sq ftNov 2025: 1,456.63 AED per sq ftDec 2025: 1,462.14 AED per sq ftJan 2026: 1,494.42 AED per sq ftFeb 2026: 1,508.83 AED per sq ftMar 2026: 1,470.32 AED per sq ftApr 2026: 1,498.52 AED per sq ftMay 2026: 1,441.64 AED per sq ftJun 2026: 1,444.46 AED per sq ftJul 2026: 1,393.65 AED per sq ftAug 2026: 1,480.64 AED per sq ftSep 2026: 1,459.54 AED per sq ftSep 2025: 1,801.94 AED per sq ftOct 2025: 1,792.38 AED per sq ftNov 2025: 1,884.03 AED per sq ftDec 2025: 1,872.82 AED per sq ftJan 2026: 1,871.93 AED per sq ftFeb 2026: 1,859.65 AED per sq ftMar 2026: 1,830.78 AED per sq ftApr 2026: 1,936.22 AED per sq ftMay 2026: 1,696.61 AED per sq ftJun 2026: 1,726.88 AED per sq ftJul 2026: 1,740.29 AED per sq ftAug 2026: 1,735.25 AED per sq ftSep 2026: 1,737.99 AED per sq ft
Median price per sq ft per month, last 13 months
AllReadyOff-plan
Sep 20251,688.81 AED per sq ft1,430.68 AED per sq ft1,801.94 AED per sq ft
Oct 20251,687.94 AED per sq ft1,437.97 AED per sq ft1,792.38 AED per sq ft
Nov 20251,756.78 AED per sq ft1,456.63 AED per sq ft1,884.03 AED per sq ft
Dec 20251,804.44 AED per sq ft1,462.14 AED per sq ft1,872.82 AED per sq ft
Jan 20261,788.14 AED per sq ft1,494.42 AED per sq ft1,871.93 AED per sq ft
Feb 20261,749.77 AED per sq ft1,508.83 AED per sq ft1,859.65 AED per sq ft
Mar 20261,729.58 AED per sq ft1,470.32 AED per sq ft1,830.78 AED per sq ft
Apr 20261,838.99 AED per sq ft1,498.52 AED per sq ft1,936.22 AED per sq ft
May 20261,650.98 AED per sq ft1,441.64 AED per sq ft1,696.61 AED per sq ft
Jun 20261,686.05 AED per sq ft1,444.46 AED per sq ft1,726.88 AED per sq ft
Jul 20261,684.89 AED per sq ft1,393.65 AED per sq ft1,740.29 AED per sq ft
Aug 20261,696.49 AED per sq ft1,480.64 AED per sq ft1,735.25 AED per sq ft
Sep 20261,669.36 AED per sq ft1,459.54 AED per sq ft1,737.99 AED per sq ft

Ready and off-plan

MarketSalesShareValueMedian priceMedian AED per sq ft
Ready3,95434.4%AED 16.02 bnAED 1,800,0001,460
Off-plan7,53065.6%AED 13.82 bnAED 1,234,9121,738

Sales by property type

Property typeSalesMedian priceMedian AED per sq ftPrice per sq ft vs. September 2025
Apartments8,957AED 1,165,0001,668−3.6%
Villas977AED 3,492,3201,489+4.4%
Land695AED 5,000,0001,598+2.1%
Commercial and other855AED 1,797,2062,094+12.5%

Sales by price band

Price bandSalesShare
Under AED 1 m3,94034.3%
AED 1 m to 2 m3,61331.5%
AED 2 m to 5 m2,95025.7%
AED 5 m and above9818.5%

Most active areas by sales (top 15)

AreaSalesValueMedian AED per sq ftOff-plan shareSales September 2025
Madinat Al Mataar928AED 1.46 bn1,65090%950
Al Barsha South Fourth820AED 1.33 bn1,42455%2,092
Wadi Al Safa 3657AED 813.6 m1,41689%620
Jabal Ali Industrial Second623AED 718.3 m1,73098%39
Jabal Ali First543AED 1.26 bn1,66267%672
Wadi Al Safa 5467AED 859.3 m1,37568%904
Business Bay437AED 1.50 bn2,10535%1,475
Al Hebiah Fifth410AED 724.6 m1,63767%258
Al Hebiah First406AED 825.0 m1,84392%632
Al Khairan First391AED 1.10 bn2,56077%421
Wadi Al Safa 4358AED 557.8 m1,73699%248
Dubai Investment Park First348AED 457.7 m1,03695%32
Al Yufrah 1281AED 1.38 bn1,93036%156
Al Thanyah Fifth240AED 793.4 m1,99536%351
Marsa Dubai238AED 814.4 m2,10611%428

Median annual residential rent by size

SizeContractsMedian annual rentRent vs. September 2025
Studio9,659AED 42,000+3.4%
1 bedroom19,513AED 61,640+3.8%
2 bedrooms14,534AED 83,550+6.1%
3 bedrooms5,381AED 143,978+8.1%
4 or more bedrooms2,977AED 231,000+2.7%

Most active areas by lease starts (top 10)

AreaContractsNewRenewedMedian residential rent
Business Bay4,0633,081982AED 85,000
Al Barsha South Fourth3,4982,4871,011AED 65,000
Jabal Ali First2,6761,3541,322AED 64,999
Marsa Dubai2,3631,654709AED 115,000
Hor Al Anz2,2552,015240AED 35,000
Al Khabeesi2,2272,14780–
Al Mararr2,0471,709338AED 40,000
Al Warsan First1,9888991,089AED 38,000
Al Merkadh1,7031,326377AED 72,000
Port Saeed1,5921,319273AED 65,000
Lease starts per month, last 13 months (contracts)
020K40K60KSep 2025Nov 2025Jan 2026Mar 2026May 2026Jul 2026Sep 2026Sep 2025: 46,688 contractsOct 2025: 48,642 contractsNov 2025: 45,645 contractsDec 2025: 40,478 contractsJan 2026: 47,409 contractsFeb 2026: 42,208 contractsMar 2026: 29,998 contractsApr 2026: 39,667 contractsMay 2026: 32,774 contractsJun 2026: 41,503 contractsJul 2026: 40,610 contractsAug 2026: 43,464 contractsSep 2026: 47,216 contractsSep 2025: 43,568 contractsOct 2025: 44,771 contractsNov 2025: 42,472 contractsDec 2025: 41,490 contractsJan 2026: 62,095 contractsFeb 2026: 42,073 contractsMar 2026: 42,957 contractsApr 2026: 39,021 contractsMay 2026: 36,637 contractsJun 2026: 35,411 contractsJul 2026: 39,077 contractsAug 2026: 37,524 contractsSep 2026: 31,299 contracts
Lease starts per month, last 13 months
NewRenewed
Sep 202546,688 contracts43,568 contracts
Oct 202548,642 contracts44,771 contracts
Nov 202545,645 contracts42,472 contracts
Dec 202540,478 contracts41,490 contracts
Jan 202647,409 contracts62,095 contracts
Feb 202642,208 contracts42,073 contracts
Mar 202629,998 contracts42,957 contracts
Apr 202639,667 contracts39,021 contracts
May 202632,774 contracts36,637 contracts
Jun 202641,503 contracts35,411 contracts
Jul 202640,610 contracts39,077 contracts
Aug 202643,464 contracts37,524 contracts
Sep 202647,216 contracts31,299 contracts

Across the 53 areas with at least 30 ready-apartment sales and 30 residential leases in the 12 months to 30 Sep 2026, the median gross yield was 6.5%, ranging from 9.2% in Dubai Investment Park Second to 2.8% in Jumeirah First.

Highest gross yields, 12 months to 30 Sep 2026

AreaGross yieldAnnual rent per sq ft (AED)Ready apartments, AED per sq ftLeasesSales
Dubai Investment Park Second9.2%697512,719213
Al Warsan First8.8%5865325,6661,276
Al Hebiah Fourth8.4%8094610,2201,165
Al Hebiah Fifth8.4%799452,980286
Wadi Al Safa 58.3%6881811,628643
Me'Aisem First8.2%841,0187,743920
Al Qusais Industrial Fifth7.9%476007,55372
Saih Shuaib 27.8%781,0001,574104
Jabal Ali Industrial Second7.7%981,282961153
Warsan Fourth7.6%6889010,018419

Lowest gross yields, 12 months to 30 Sep 2026

AreaGross yieldAnnual rent per sq ft (AED)Ready apartments, AED per sq ftLeasesSales
Al Jadaf4.7%831,7788,968553
Al Wasl4.5%1232,7392,205336
Mirdif4.4%501,13211,48996
Madinat Dubai Almelaheyah3.0%642,1531,79560
Jumeirah First2.8%842,9922,774137

Published indices (Dubai Data and Statistics Establishment)

IndexLatest periodValuevs. previous periodvs. a year earlier
Residential rent index, all (2024 = 100)August 2026115.66+0.2%+5.6%
Residential rent index, apartments (2024 = 100)August 2026115.68+0.2%+5.6%
Residential rent index, villas (2024 = 100)August 2026115.58+0.3%+5.6%
Residential property price index, all (2019 = 100)Q4 2025167.32+3.3%+8.9%
Residential property price index, flats (2019 = 100)Q4 2025147.06+1.3%+6.7%
Residential property price index, villas (2019 = 100)Q4 2025224.96+7.2%+13.2%
Consumer price index (2024 = 100)August 2026108.57+0.3%+5.5%
Consumer prices: housing, water, electricity and gas (2024 = 100)August 2026114.06+0.2%+6.7%

Method

Sales are Dubai Land Department transactions in the group Sales, by registration date; value is the registered price in AED. Price per sq ft is the median of price divided by registered area, only for areas above 10 m² (1 m² = 10.7639 sq ft). Ready and off-plan follow the registration type; apartments are flats, and commercial and other covers offices, shops, hotel rooms, hotel apartments and whole buildings. Mortgages and gifts are all registrations in those groups. Price bands use the registered sale value. Leases are Ejari rent contracts by contract start date, counted once per contract. Residential rent is the annual amount of contracts with residential use. Gross yield is the median annual rent per m² of residential contracts with a bedroom count (studio and up) divided by the median sale price per m² of ready apartments in the same area, over the 12 months to 30 Sep 2026; only areas with at least 30 of each. It is before service charges and other costs. Valuations are property valuation records by date. Indices are shown as published by the Dubai Data and Statistics Establishment, with the latest period available. Comparisons are with the previous month and the same month a year earlier. Areas are Dubai Land Department districts. Every figure is based on at least 3 records; values from fewer records are not shown. Figures for recent periods can change when late registrations arrive. These are statistics, not investment advice.

Source

Source: Dubai Land Department and other Dubai Government open data, published on Data.Dubai, used under the Dubai Open Data Licence 1.1. Analysis and figures by Zolia. Zolia is not affiliated with or endorsed by any government entity.

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