Nearly 80% of Dubai’s residential property sales in October were below Dhs 3 million, as the emirate recorded Dhs 32.64 billion in total property transactions.
Dubai property market records Dhs 32.64 billion in sales
Dubai’s property market recorded Dhs 32.64 billion in total sales in October 2026, including Dhs 25.15 billion in residential transactions and a further Dhs 7.49 billion in commercial property sales.
According to Springfield Properties’ latest Dubai Real Estate Report, residential sales covered 10,178 transactions, with sales value increasing 12.40% compared with September.
The figures also highlight strong activity in the mid-market segment, with properties priced between Dhs 1 million and Dhs 3 million accounting for 47.39% of residential transactions. Nearly 80% of residential sales were below Dhs 3 million.
Jumeirah Village Circle and Dubai South lead residential sales
Jumeirah Village Circle (JVC) recorded the highest number of residential transactions in October, with 812 sales, followed by Dubai South with 780.
By total sales value, Palm Jumeirah ranked first with Dhs 1.08 billion, followed by Dubai South at Dhs 977 million and Palm Jebel Ali at Dhs 888 million.
The figures show activity across different parts of Dubai, from established residential destinations to emerging communities.
Off-plan properties account for 62% of transactions
Off-plan properties continued to account for the largest share of residential activity, representing more than 62% of transactions.
The segment recorded 6,317 sales worth Dhs 13.33 billion during October.
Meanwhile, the secondary market generated Dhs 11.74 billion across 3,851 transactions. Sales value increased by 10.82%, while transaction volume rose 9.28% compared with September.
Farooq Syed, CEO of Springfield Properties, said: “Dubai continues to attract investment across new developments and established communities. Off-plan properties accounted for more than 62% of residential transactions in October, while secondary-market sales grew 9% in volume. This breadth of activity reflects a market offering investors opportunities across different stages of development.”
Luxury property sales exceed Dhs 2.78 billion
Dubai’s high-end residential market also recorded significant activity, with 66 transactions involving properties priced above Dhs 25 million.
These sales had a combined value of Dhs 2.78 billion, including 19 transactions exceeding Dhs 50 million.
Syed said: “Dubai recorded AED 2.78 billion in residential sales above AED 25 million in October alone. The scale of activity at the luxury end of the market reflects the city’s ability to attract high-value investment. As Dubai expands its offering of prime residences, it continues to strengthen its position among the world’s leading property destinations.”
Commercial property sales reach Dhs 7.49 billion
Dubai’s commercial property market recorded 1,076 transactions worth Dhs 7.49 billion in October.
Development land accounted for the largest share of sales value at Dhs 3.95 billion, representing 52.71% of the total.
Offices recorded the highest transaction volume, with 425 sales worth Dhs 1.85 billion, followed by land with 333 transactions.
Land, offices and whole buildings together represented approximately 88% of commercial property sales value.
Dubai rental market records 53,029 contracts
Residential rental activity also remained substantial, with 53,029 registered contracts carrying a combined annual contract value of Dhs 4.75 billion.
Looking ahead, the report points to expanding residential supply across established and emerging communities, giving buyers and investors a wider choice of locations, property types and development stages.
tanvir@dubainewsweek.com
