Dubai recorded its highest monthly number of rental contracts in June, while property sales increased in both value and volume compared to the previous month, according to market data released by fäm Properties.
The analysis, based on open data from DXBinteract, showed that 40,022 rental contracts were registered during the month, the highest monthly total on record.
New rental contracts rose 48.6% year-on-year to 19,245, while renewed contracts increased 28.5% to 20,777, reflecting continued demand from both new and existing residents.
Sales increase
Dubai recorded 13,933 property sales transactions worth Dhs33.2 billion in June. Sales volume increased 35.5% month-on-month, while transaction value rose 14.9%.
During the second quarter of 2026, the emirate registered 38,157 property deals worth Dhs110.2 billion. In the first six months of the year, total sales reached 86,077 transactions valued at Dhs286.2 billion.
“Buyers and tenants are showing a growing amount of confidence, and this is reflected in both rentals and sales, and across each of the property sectors,” said Firas Al Msaddi, CEO of fäm Properties.
Sector performance
Villa sales increased 46.5% month-on-month to 1,474 transactions worth Dhs7.5 billion, while apartment sales climbed 32.3% to 11,605 deals valued at Dhs17.8 billion.
Commercial property sales, including offices and shops, rose 42.7% to 478 transactions worth Dhs2.3 billion. Plot sales recorded the strongest growth, increasing 68.3% to 276 deals valued at Dhs5.4 billion.
Primary market sales continued to dominate, accounting for 10,398 transactions worth Dhs21.6 billion, compared with 3,535 resale transactions worth Dhs11.6 billion.
Dubai South leads
Dubai South remained the emirate’s best-performing property market for the fourth consecutive month, recording 2,869 transactions worth Dhs3.3 billion. Sales volume increased 111% month-on-month, while transaction value rose 106%.
“The consistent performance of Dubai South is what moves a location from emerging to established in buyers’ minds, and this is also a good sign for the market’s long-term direction,” Al Msaddi said.
The most expensive apartment sold in June was valued at Dhs200 million at Bugatti Residences by Binghatti in Business Bay. The highest-priced villa changed hands for Dhs89 million at Eden Hills.
Properties priced below Dhs1 million accounted for 42.2% of total sales during the month, followed by homes priced between Dhs1 million and Dhs2 million at 30.2%. Properties worth more than Dhs5 million represented 6.8% of all transactions.
tanvir@dubainewsweek.com
