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Dubai Property Prices and Market Report: September 2026
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Dubai Property Prices and Market Report: September 2026

October 5, 2026
17 min read
AKT Real Estate

Dubai recorded 10,373 residential property sales worth AED 23.63 billion in September 2026, according to Property Monitor. Off-plan units accounted for 7,188 of them, or 69.3%, and the average price paid across every residential sale was AED 2,278,054. Prices held close to their highs: Property Monitor's Dubai-wide median stood at AED 1,632 per square foot in August 2026, 3.0% below its peak of AED 1,683, and twice the level of August 2020.

This edition sets out September's prices, rents and gross yields community by community, closes the third quarter, and adds the Dubai price index back to 2008 so the month can be read against eighteen years of data rather than one. Every figure is Property Monitor data read on 5 October 2026 unless stated otherwise.

Dubai residential market at a glance, September 2026
MeasureSeptember 2026
Total residential sales10,373
Off-plan sales (Oqood)7,188 (69.3%)
Ready and resale sales (Title Deed)3,185 (30.7%)
Total value of salesAED 23.63 bn
Off-plan share of value60.6%
Average price paidAED 2,278,054
Change vs August 2026 (volume)-7.03%
Change vs August 2026 (value)-1.16%
Dubai price index, latest (August 2026)AED 1,632 per sq ft
Price index vs its peak (October 2025)-3.0%

Source: Property Monitor, September 2026 Dubai Real Estate Market Statistics and Dubai City Index.

Are Dubai property prices falling?

Only slightly. Property Monitor's Dubai City Index, the median sale price per square foot across the emirate, reached AED 1,683 in October 2025, touched the same level again in March 2026, and has eased each month since to AED 1,632 in August 2026. That is 3.0% below the peak. The index has not yet been updated for September.

Dubai City Index, median sale price per square foot, October 2025 to August 2026
MonthAED per sq ftAgainst the peak
Oct 20251,6830.0%
Nov 20251,676-0.4%
Dec 20251,673-0.6%
Jan 20261,667-1.0%
Feb 20261,673-0.6%
Mar 20261,6830.0%
Apr 20261,670-0.8%
May 20261,658-1.5%
Jun 20261,639-2.6%
Jul 20261,636-2.8%
Aug 20261,632-3.0%

Community readings point the same way. Of the 64 apartment communities with a September price reading, 42 were lower than in August, 14 were higher and the rest unchanged, with a median change of -0.51%. Among villas and townhouses 26 communities eased and 12 rose, with a median change of -0.36%. Small moves of this size are well inside the range a median can drift on the mix of units sold in a single month.

Sales activity has come down further than prices. September's 10,373 sales fall between the September totals of 2022 and 2023, and most Dubai homes are bought with cash or modest loans, so owners are rarely forced to sell into a slower month. That combination is why lower volume has so far moved prices by a few percent.

Dubai property price history, 2008 to 2026

Reading the index for September of each year shows where today's prices sit in the longer cycle. Prices first peaked at AED 1,211 per square foot in September 2008, fell to AED 853 by September 2012, set a new high of AED 1,234 in September 2014, then declined for six years to a low of AED 807 in August 2020. The rise since then has run for five years.

Dubai City Index in September of each year, 2008 to 2026 (AED per sq ft)
ReadingAED per sq ftChange on previous SeptemberHigh of the year (month)
September 20081,2111,211 (Sep)
September 2009870-28.2%893 (Nov)
September 2010860-1.1%914 (Jun)
September 2011874+1.6%925 (Feb)
September 2012853-2.4%901 (Dec)
September 20131,021+19.7%1,096 (Dec)
September 20141,234+20.9%1,234 (Sep)
September 20151,155-6.4%1,214 (Jan)
September 20161,115-3.5%1,162 (Jan)
September 20171,089-2.3%1,107 (Jun)
September 20181,037-4.8%1,090 (Jan)
September 2019915-11.8%1,000 (Jan)
September 2020823-10.1%872 (Jan)
September 2021968+17.6%977 (Oct)
September 20221,047+8.2%1,089 (Dec)
September 20231,243+18.7%1,281 (Dec)
September 20241,448+16.5%1,493 (Dec)
September 20251,681+16.1%1,683 (Oct)
August 2026 (latest)1,6321,683 (Mar)

At AED 1,632 the index is 102% above the August 2020 low, 32% above the 2014 high and 35% above the 2008 peak. The 2014 high was not passed again until 2023, which is the clearest guide in the data to how long a flat stretch in Dubai can last. The table is a record of past prices and says nothing certain about the next year.

How did Dubai's property market perform in Q3 2026?

Dubai registered 34,646 residential sales worth AED 73.88 billion in the third quarter of 2026, from July to September. Volume was 2.2% lower than the second quarter's 35,420, and off-plan made up 71.0% of the quarter's sales. The quarter was 3.2% larger than Q3 2023 and more than three times Q3 2019.

Dubai residential sales in the third quarter, 2017 to 2026
QuarterResidential salesAgainst Q3 2019
Q3 20179,3211.0x
Q3 20186,0600.7x
Q3 20199,1741.0x
Q3 20207,4290.8x
Q3 202114,3571.6x
Q3 202223,2192.5x
Q3 202333,5873.7x
Q3 202447,4875.2x
Q3 202556,0896.1x
Q3 202634,6463.8x

For the year to date, January to September 2026 recorded 114,583 sales, against 89,708 in the same nine months of 2023 and 122,746 in 2024. At the nine-month pace a full year would come to about 153,000 sales, a total only 2024 and 2025 have exceeded.

How many properties were sold in Dubai in September 2026?

Dubai registered 10,373 residential sales in September 2026: 6,423 off-plan apartments, 2,445 ready apartments, 765 off-plan villas and townhouses, and 740 ready villas and townhouses. Ready sales were almost unchanged from August (3,189); the -7.0% monthly dip came from off-plan, which follows the timing of project launches.

Dubai residential sales by month, January to September 2026
MonthOff-planReadyTotal salesValue (AED bn)
Jan 202610,6305,36515,99553.50
Feb 202610,0805,53815,61845.79
Mar 20269,3113,59312,90437.33
Apr 202610,0113,11713,12838.37
May 20267,1962,3389,53421.85
Jun 20269,5533,20512,75825.59
Jul 20269,4313,68513,11626.34
Aug 20267,9683,18911,15723.91
Sep 20267,1883,18510,37323.63
Dubai residential sales in September, 2017 to 2026
MonthResidential salesAgainst September 2019
September 20172,6260.8x
September 20182,1690.6x
September 20193,3911.0x
September 20203,2501.0x
September 20215,1351.5x
September 20227,9972.4x
September 202312,2143.6x
September 202417,2205.1x
September 202519,2605.7x
September 202610,3733.1x

Apartment prices in Dubai by community, September 2026

Apartment prices ranged from AED 658 per square foot in International City to AED 9,415 on Jumeirah Bay Island. Half of the 58 communities Property Monitor tracks sat above AED 1,420 per square foot, between Zabeel (AED 1,434) and Jumeirah Lakes Towers (AED 1,404). Popular mid-market choices cluster lower: Jumeirah Village Circle at AED 1,259 per square foot with a median price of AED 1,192,671, Arjan at AED 1,375, and Dubai Silicon Oasis at AED 959.

Gross yield in the table is the per-square-foot rent over the per-square-foot price in the same row, so unit size does not distort the comparison.

Dubai apartment prices, rents and gross yields by community, September 2026
CommunityAED/sq ftMedian price (AED)Avg annual rent (AED)Gross yield
Jumeirah Bay Island9,41523,782,2901,235,2145.2%
Bluewaters Island5,0609,613,202498,9025.2%
Dubai Harbour3,2094,117,570215,8655.2%
Dubai Water Canal3,1605,023,605242,2054.8%
Expo City2,8843,163,74897,6333.1%
City Walk2,7444,788,420261,3145.5%
The Hills2,5844,038,792196,6724.9%
Madinat Jumeirah Living2,5443,016,686176,5125.9%
Downtown Dubai2,4972,669,792142,5565.3%
Palm Jumeirah2,4485,120,170268,4665.2%
Dubai Creek Harbour2,2742,708,834150,2685.5%
Dubai Hills Estate2,2483,162,472194,8706.2%
DIFC2,0662,995,454184,6296.2%
Al Jaddaf2,0541,218,06947,4403.9%
Sobha Hartland1,9871,877,403116,0746.2%
The Views1,9592,432,768142,6195.9%
Al Barari1,95411,809,693823,1487.0%
Dubai Marina1,8832,428,851138,0305.7%
Al Habtoor City1,8152,551,651145,2825.7%
Business Bay1,8132,300,017145,6966.3%
Jumeirah Heights1,7994,462,462206,4604.6%
Dubai Maritime City1,7832,189,524138,8626.3%
Meydan1,7116,218,294324,5735.2%
The Greens1,7061,885,495113,6276.0%
Dubai Healthcare City 21,6761,384,51684,6656.1%
Jumeirah Beach Residence1,5502,479,600152,5286.2%
Jumeirah Golf Estates1,5322,527,800157,7076.2%
Zabeel1,4342,652,216173,9006.6%
Jumeirah Lakes Towers1,4041,743,147123,1697.1%
Arjan1,375911,74059,3436.5%
Wasl Gate1,3741,021,10574,5457.3%
Barsha Heights1,3271,459,70090,6626.2%
Dubai Science Park (DuBiotech)1,3211,642,314121,7157.4%
DAMAC Hills1,3181,638,175119,8507.3%
Town Square1,3182,084,246148,8327.1%
Dubai Festival City1,3113,172,136230,9167.3%
Al Furjan1,2884,294,004298,8707.0%
Jumeirah Village Triangle1,2721,207,92585,6627.1%
Jumeirah Village Circle1,2591,192,67186,1777.2%
Al Barsha1,2271,110,25468,4006.2%
Mirdif1,1401,259,70083,1516.6%
Rukan1,117725,14761,1168.4%
Dubai South Residential District1,105829,79558,5787.1%
Dubai South1,1031,117,25879,8557.1%
Living Legends1,0781,880,674138,1527.3%
Dubai Studio City1,030893,01065,8927.4%
DAMAC Hills 21,0112,049,639173,5568.5%
Motor City1,0101,363,730100,1307.3%
Dubai Production City986686,25658,6948.6%
Al Khail Heights975957,93475,1217.8%
Dubai Silicon Oasis959815,00661,0567.5%
Dubai Sports City957842,53067,9108.1%
Remraam937993,97779,3108.0%
Discovery Gardens935652,86050,6057.8%
Liwan867798,91360,9267.6%
Dubai Residence Complex832670,02652,1247.8%
Dubai Investments Park7011,281,215125,8909.8%
International City658419,14637,3738.9%

Villa and townhouse prices in Dubai by community, September 2026

Villa and townhouse prices ran from AED 852 per square foot in DAMAC Hills 2 to AED 8,792 in the Palm Jumeirah Fronds garden homes. Family communities most buyers shortlist sit between AED 1,500 and AED 2,600: Dubai Hills Estate at AED 2,512 with a median of AED 6,634,192, Arabian Ranches at AED 2,188, DAMAC Hills at AED 1,786 and Mudon at AED 1,560.

A street of two-storey townhouses in a Dubai suburban community

Dubai villa and townhouse prices, rents and gross yields by community, September 2026
CommunityAED/sq ftMedian price (AED)Avg annual rent (AED)Gross yield
Palm Jumeirah Fronds - Garden Homes8,79250,361,0341,421,5182.8%
Jumeirah Bay Island5,88238,768,2622,206,8655.7%
Emirates Hills4,81881,332,6582,582,7933.2%
Jumeirah Islands4,67824,521,028734,7713.0%
The Meadows3,24613,251,377419,5283.2%
The Lakes2,5778,885,496360,3164.1%
Dubai Hills Estate2,5126,634,192287,8694.3%
Sobha Hartland2,41010,953,450542,7644.9%
The Springs2,2314,799,591197,1824.1%
Arabian Ranches2,1886,066,409241,7224.0%
Jumeirah Village Triangle Villas2,1645,971,166196,7993.3%
Victory Heights2,0968,403,185317,3933.8%
Jumeirah Park2,0508,827,675334,0613.8%
Al Barari2,01024,152,1931,511,8476.3%
Tilal Al Ghaf2,00410,004,817485,0734.8%
Dubai Science Park (DuBiotech)1,8187,105,389330,3114.7%
Arabian Ranches 21,8126,139,174294,2674.8%
DAMAC Hills1,7866,979,520358,9635.2%
The Villa1,7169,078,145349,4973.8%
Meydan1,69111,879,942615,7715.2%
Motor City1,6907,583,224338,6934.5%
Serena1,5863,237,026147,2994.5%
Al Furjan1,5835,276,406265,8075.1%
Arabian Ranches 31,5625,429,790263,5854.9%
Mudon1,5605,636,937301,7695.4%
Living Legends1,5225,884,076237,0404.0%
Wasl Gate1,4414,037,122231,6415.8%
Reem Townhouses1,3943,518,254167,8464.8%
The Valley1,3627,144,682349,8174.9%
Dubai South Residential District1,3574,520,433199,2944.4%
Town Square Townhouses1,3502,808,424140,3785.0%
Rukan1,3181,443,571101,9237.1%
Dubai Silicon Oasis1,3145,354,550224,1254.2%
The Sustainable City1,2734,906,450278,1435.7%
Dubai South Townhouses1,2243,090,209142,1774.6%
Falcon City of Wonders1,1945,490,560239,5684.4%
DAMAC Lagoons1,1663,587,631208,6455.8%
Jumeirah Village Circle Villas1,1564,149,235227,2285.4%
Nad Al Sheba1,0854,763,150218,7544.6%
DAMAC Hills 28521,727,004101,4005.9%

Which Dubai areas have the highest rental yields?

The highest gross apartment yield in September 2026 was 9.8% in Dubai Investments Park, followed by 8.9% in International City. The pattern is consistent: the lower the price per square foot, the higher the gross yield. Prime waterfront and Downtown apartments returned between 5% and 6% gross.

Highest gross apartment yields in Dubai, September 2026
CommunityGross yieldAED/sq ftAvg annual rent (AED)
Dubai Investments Park9.8%701125,890
International City8.9%65837,373
Dubai Production City8.6%98658,694
DAMAC Hills 28.5%1,011173,556
Rukan8.4%1,11761,116
Dubai Sports City8.1%95767,910
Remraam8.0%93779,310
Al Khail Heights7.8%97575,121
Dubai Residence Complex7.8%83252,124
Discovery Gardens7.8%93550,605

Villas and townhouses yield less than apartments. Rukan led at 7.1%, followed by Al Barari at 6.3% and DAMAC Hills 2 at 5.9%.

Highest gross villa and townhouse yields in Dubai, September 2026
CommunityGross yieldAED/sq ftAvg annual rent (AED)
Rukan7.1%1,318101,923
Al Barari6.3%2,0101,511,847
DAMAC Hills 25.9%852101,400
DAMAC Lagoons5.8%1,166208,645
Wasl Gate5.8%1,441231,641
Jumeirah Bay Island5.7%5,8822,206,865
The Sustainable City5.7%1,273278,143
Jumeirah Village Circle Villas5.4%1,156227,228

Which Dubai communities sold the most homes in September 2026?

Jumeirah Village Circle was the busiest apartment community with 761 sales, 419 off-plan and 342 ready,. Dubai South followed with 746, almost all off-plan, after leading the city in August. Business Bay was the second-largest ready market with 204 resales.

Most active Dubai apartment communities by sales volume, September 2026
CommunityOff-plan salesReady salesTotal
Jumeirah Village Circle419342761
Dubai South70640746
Majan49038528
Downtown Jebel Ali40611417
Dubai Creek Harbour30485389
Motor City31127338
Dubai Residence Complex25168319
Business Bay114204318
City of Arabia2253228
Arjan13781218
DAMAC Lagoons2160216
Dubai Investments Park20311214
Dubai Production City15257209
Sobha Central1740174
Dubai Sports City7289161

For villas and townhouses, off-plan demand concentrated in Dubai Investments Park (126 sales), Sobha Sanctuary (113) and Greenz by Danube (62). In the ready market DAMAC Lagoons led with 105 sales, ahead of DAMAC Hills 2 (67) and Mudon (54).

Which Dubai areas moved most in price during September?

Largest month-on-month changes in median sale price, August to September 2026
CommunityTypeChange
Jumeirah Village TriangleVillas+6.27%
Palm Jumeirah Fronds - Garden HomesVillas+4.40%
Jumeirah IslandsVillas+4.30%
Jumeirah Village CircleVillas+3.41%
Living LegendsApartments+2.89%
Al BarshaApartments+2.27%
Nad Al ShebaVillas+2.17%
Dubai Water CanalApartments+1.80%
Al JaddafApartments-10.95%
Dubai Maritime CityApartments-7.97%
Motor CityVillas-7.47%
Barsha HeightsApartments-7.00%
Al BarariVillas-6.04%
The LakesVillas-5.72%
Wasl GateApartments-5.29%
ZabeelApartments-4.91%

Read these with care. A median moves with the units that happened to sell, so Al Jaddaf's 10.95% fall reflects a month in which 101 of its 102 apartment sales were off-plan units, priced differently from its finished stock. Price per square foot across several months is the better guide to a single community.

How to read these figures

Title Deed and Oqood. The Dubai Land Department records a completed property transfer with a title deed and an off-plan sale with an Oqood registration. Title deed counts are the ready and resale market, Oqood counts the off-plan market, and together they make total residential sales.

The price index. The Dubai City Index is Property Monitor's emirate-wide median sale price per square foot, published monthly from January 2008. Community figures come from the same source but are medians of each community's own sales.

Yields are gross. Rent per square foot over price per square foot, before service charges, transfer and agency fees, empty months and finance costs. Net yields usually run 1.5 to 2.5 points lower.

Data and revisions. Figures were read from Property Monitor on 5 October 2026. Late registrations can lift a month slightly; August's total of 11,157 was unchanged when re-read four weeks later. Property Monitor's own residential headline for September is 3,181 title deed and 7,188 Oqood sales; the 10,373 used here adds its apartment and villa series, a difference of four transactions. Two communities are left out of the price tables: Jaddaf Waterfront, which had no recorded median sale price this month, and one entry Property Monitor lists under a truncated name.

Dubai property market, September 2026: common questions

How many properties were sold in Dubai in September 2026?

Dubai recorded 10,373 residential sales in September 2026, worth AED 23.63 billion, according to Property Monitor. 7,188 were off-plan and 3,185 were ready or resale homes.

Is the Dubai property market crashing?

Prices show a mild dip. Property Monitor's Dubai-wide median price was AED 1,632 per square foot in August 2026, 3.0% below its October 2025 peak. Sales volumes have eased from the 2024 and 2025 boom and in Q3 2026 were slightly above Q3 2023.

What is the average price per square foot in Dubai?

The Dubai City Index stood at AED 1,632 per square foot in August 2026. By community, apartments ranged from AED 658 in International City to AED 9,415 on Jumeirah Bay Island in September 2026.

What was the previous peak for Dubai property prices?

Before the current cycle, the index peaked at AED 1,234 per square foot in September 2014 and AED 1,211 in September 2008. The current level is about a third higher than both.

How much does an apartment cost in Jumeirah Village Circle?

The median apartment price in Jumeirah Village Circle was AED 1,192,671 in September 2026, or AED 1,259 per square foot, with an average annual rent of AED 86,177.

Which Dubai area has the highest rental yield?

Dubai Investments Park apartments returned the highest gross yield in September 2026 at 9.8%, followed by International City at 8.9%.

How many properties were sold in Dubai in Q3 2026?

Dubai recorded 34,646 residential sales worth AED 73.88 billion between July and September 2026, with off-plan making up 71.0%.

Source

All figures in this report are from Property Monitor, September 2026 Dubai Real Estate Market Statistics and Dubai City Index, read on 5 October 2026. Transaction registrations originate with the Dubai Land Department. Community names follow Property Monitor's classification.

The August 2026 edition of this report holds the previous month's tables. Our Dubai real estate statistics page carries the standing market dashboard, and the RERA rental index guide explains how far a landlord may raise rent.

AKT Real Estate is a Dubai brokerage licensed by RERA under ORN 15673, at Office 604, Building 12, Bay Square, Business Bay. If you want these figures applied to a particular budget, community or handover date, talk to us about buying property in Dubai or call +971 50 518 4986.

This report is general market information. Figures are historical and do not forecast returns; take professional advice before any purchase.

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