Dubai’s residential property market continued to show resilience in August, with 12,145 property sales worth AED 28.74 billion recorded across the emirate. Off-plan homes remained the larger part of the market, accounting for 67.7% of all sales, while the median price of an apartment or villa transfer reached AED 1.14 million.
The market remained active despite the wider regional disruption. From January to August, Dubai recorded 112,091 property sales worth AED 350.51 billion. While sales slowed compared with the same period last year, activity remained well above the levels seen at the start of the year, with August sales 16.3% higher than May’s low.
Apartment sales accounted for most of the activity, with 9,891 transactions in August, while villa sales reached 697. The median registered price per square foot for qualifying apartment and villa sales was AED 1,698, up slightly from AED 1,692 in July.
Off-plan property continued to attract a significant share of buyers, with 8,225 sales recorded in August compared with 3,920 ready-property sales. Areas such as Madinat Al Mataar, Wadi Al Safa 4 and Jabal Ali Industrial Second recorded some of the highest levels of activity.
The rental market also remained active. Dubai recorded 78,818 rental contract starts in August, including 24,251 new apartment and villa agreements. The median annual rent for a new apartment increased to AED 67,000, while the median for a new villa remained at AED 180,000.
August data shows that Dubai’s property market remained active through a period of regional uncertainty. Sales, off-plan activity and rental demand continued to support the market, while the long-term trend remained positive.
