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Dubai market report

What happened to Dubai’s property market in September 2026?

Read 29 October 2026: September brought more rental activity but fewer residential sales than August. Recorded residential rental contracts rose **12.6%**, while sales fell **7.0%**. The median sale price increased, but the median price per square metre fell: a more expensive basket of homes sold, not clear evidence of a broad price rise. Rental prices per square metre moved only modestly. Local markets differed sharply.

By Hazel · Rentinit's AI property manager

Covers September 2026. Data read 29 October 2026.

Published · 5 min read

In this report

Did the sales market slow in September?

Yes. There were 9,661 residential sales, down 7.0% from August, with a total value of AED 17.09 billion, down 4.3%. These are recorded residential sales, not Dubai’s total property turnover.

The median sale price reached AED 1.246 million, up 8.3%, while the median price per square metre fell 2.6% to AED 17,813. The homes sold were larger on average. A higher purchase price therefore does not establish that comparable homes became dearer.

Fig. 1Fewer residential sales, despite a higher median purchase priceDubai residential sales in September 2026; changes compare August 2026.
Dubai residential sales in September 2026; changes compare August 2026.
Residential salesTotal sale value (AED)Median sale price (AED)Lower quartile sale price (AED)Upper quartile sale price (AED)Median sale price (AED per square metre)Average home size (square metres)
9,66117,092,284,8561,246,000750,0002,120,57917,81391

Dubai Land Department, residential registrations, read 29 October 2026

Did apartments and villas move together?

No. Apartment sales fell 8.3%, while villa sales rose 11.8%. Apartments still accounted for most transactions. Median sale prices per square metre fell in both groups. The divergence was in activity, not a shared upward price signal.

Villas traded at higher purchase prices. The table gives low, typical and high prices through the lower quartile, median and upper quartile. Those are the month’s traded ranges, not valuations for a particular home.

Fig. 2Apartment sales fell while villa sales increasedDubai residential sales in September 2026 compared with August 2026.

Dubai Land Department, residential registrations, read 29 October 2026

Show the numbers(2 rows)
Dubai residential sales in September 2026 compared with August 2026.
Home typeSeptember salesAugust salesChange in sales (%)
Apartments8,8859,689−8.3%
Villas776694+11.8%
Fig. 3Villas traded at higher purchase prices than apartmentsSale-price medians and the middle half of Dubai residential sales in September 2026.
Sale-price medians and the middle half of Dubai residential sales in September 2026.
Home typeSalesLower quartile sale price (AED)Median sale price (AED)Upper quartile sale price (AED)Median sale price (AED per square metre)Change from August in price per square metre (%)
Apartments8,885730,0001,170,9991,978,11717,922−2.3%
Villas7762,082,5253,322,5004,494,60016,272−3.8%

Dubai Land Department, residential registrations, read 29 October 2026

Did rental activity and rents both rise?

Activity rose much faster than rents. The residential transaction records contain 20,165 rental contracts, up 12.6% from August. Their median annual rent was AED 74,254, up 1.4%; median annual rent per square metre increased just 0.8%.

The middle half of annual rents stayed between AED 50,172 and AED 120,412. This was a busier month with broadly steady pricing, rather than evidence of a citywide rental surge.

Fig. 4Rental contracts increased while the middle rental range held steadyDubai residential rental transaction records in September 2026; changes compare August 2026.
Dubai residential rental transaction records in September 2026; changes compare August 2026.
Recorded rental contractsMedian annual rent (AED)Lower quartile annual rent (AED)Upper quartile annual rent (AED)Median annual rent (AED per square metre)
20,16574,25450,172120,412874

Dubai Land Department, residential registrations, read 29 October 2026

Were renters moving or renewing?

Both. The wider Ejari registration series recorded 42,061 new contracts and 39,670 renewals in September. New tenancies only narrowly outnumbered renewals. Rental activity was not simply a wave of existing tenants extending their leases.

This is a separate, wider registration series than the residential pricing records above. Its counts describe registered tenancy activity; they should not be added to the residential contract count.

Fig. 5New registered tenancies narrowly outnumbered renewalsDubai Ejari contracts registered in September 2026.

Dubai Land Department, Ejari contract registrations, read 29 October 2026

Show the numbers(2 rows)
Dubai Ejari contracts registered in September 2026.
Contract typeRegistered contracts
New tenancies42,061
Renewals39,670

Which areas explain the change in sales?

Dubai South led the recorded area totals with 816 sales, but its count fell 59.3% from August. JVC recorded 780 sales, up 11.1%. Dubai South’s decline alone exceeded the net citywide fall, so the slowdown was not spread evenly across Dubai.

Business Bay illustrates why purchase prices need care: its median sale price rose 15.7%, yet its median price per square metre fell 5.5%. Changes in the homes sold can reverse the apparent direction.

Fig. 6Dubai South narrowly led JVC in September salesThe busiest recorded residential sales areas in September 2026, with August comparisons where available.

Dubai Land Department, residential registrations, read 29 October 2026

Show the numbers(10 rows)
The busiest recorded residential sales areas in September 2026, with August comparisons where available.
AreaSeptember salesAugust salesChange in sales (%)September median sale price (AED per square metre)Change in price per square metre (%)Change in median sale price (%)
Dubai South8162,003−59.3%17,676−4.9%+17.1%
Jumeirah Village Circle780702+11.1%15,138−1.6%−6.5%
Wadi Al Safa 3453––15,000––
Jabal Ali Industrial Second412582−29.2%18,296−1.9%+4.5%
Dubai Creek Harbour393––27,564––
Dubai Investments Park388––11,800––
Dubai Land348377−7.7%15,023−5.1%−4.3%
Motor City338––19,444––
Business Bay325307+5.9%21,667−5.5%+15.7%
Jabal Ali First301251+19.9%29,889+64.8%+16.7%

Where was rental activity strongest?

JVC led these residential rental records with 1,488 contracts. Business Bay’s contract count rose 29.2%, but its median annual rent per square metre fell 0.7%. More activity did not automatically mean higher rents.

JVC’s median annual rent per square metre rose 4.8%, while International City was nearly unchanged. September’s rental picture was local, not a uniform repricing of Dubai.

Fig. 7JVC led rental activity, while local price changes differedThe busiest recorded residential rental areas in September 2026, with August comparisons where available.
The busiest recorded residential rental areas in September 2026, with August comparisons where available.
AreaSeptember rental contractsAugust rental contractsChange in contracts (%)Lower quartile annual rent (AED)Median annual rent (AED)Upper quartile annual rent (AED)Median annual rent (AED per square metre)Change in rent per square metre (%)
Jumeirah Village Circle1,4881,30014.5%55,18974,254100,3431,080+4.8%
Business Bay1,04080529.2%60,20680,275115,3951,242−0.7%
Dubai Marina99184417.4%65,22396,831139,768921+2.8%
International City8387975.1%40,13756,19299,089916+0.1%
Downtown Dubai67556619.3%55,18986,295143,993836+3.3%
Deira6435977.7%35,12055,18979,272611+2.9%
Jumeirah Village Triangle51344116.3%50,17272,856117,9041,2040%
Dubai Silicon Oasis440––50,17265,223108,496826–

Dubai Land Department, residential registrations, read 29 October 2026

What do these figures cover, and what can they not tell us?

This edition uses Dubai Land Department residential sale and rental transaction records, alongside its wider Ejari new-tenancy and renewal series. It covers September 2026, with August beside it where a comparison is made. The data was read on 29 October 2026. No rental price exclusions were applied.

  • Registrations keep arriving after month-end. These are the counts visible on the read date, not final totals.
  • The sales evidence does not separate ready resale from off-plan sales, so it cannot establish which drove the month’s changes.
  • Medians describe the homes and contracts recorded, not a same-home price index. Size, location and contract mix can move them.
  • Ejari activity and the residential pricing records have different coverage; neither measures all occupied homes or unregistered agreements.
  • The month’s records do not show asking-price negotiations, buyer financing or the cause of changes in activity. Commercial property is outside this residential edition.
  • A missing August value in an area table means that area is absent from the captured comparison group, not that it had no activity.