Dubai South recorded 720 off-plan property sales worth Dhs 894.6 million in October, maintaining its position as Dubai’s top-performing area for new property purchases for the eighth consecutive month.
Dubai South maintains lead in off-plan sales
Dubai South continued to attract off-plan property buyers in the month of October, recording the highest number of transactions among Dubai’s freehold areas, according to market data from fäm Properties and DXBinteract.
The area registered 720 transactions valued at Dhs 894.6 million, extending its lead in the off-plan market for an eighth consecutive month.
Al Rowaiyah First ranked second with 639 transactions worth Dhs 3.2 billion, followed by Al Barsha South Fourth with 449 transactions valued at Dhs 542.9 million.
Wadi Al Safa 3 and Wadi Al Safa 5 completed the top five locations, recording 435 and 339 transactions, respectively.
Dubai property sales reach Dhs 35 billion
Dubai’s property market recorded 11,974 sales transactions worth Dhs 35.01 billion in October.
The total sales value increased by 18% compared with September, while transaction volumes rose by 5.4%.
Off-plan properties accounted for the larger share of activity, with 7,609 transactions worth Dhs 19.2 billion. Resale properties recorded 4,289 transactions valued at Dhs 15.6 billion.
Apartments remained the largest segment, with 8,888 sales worth Dhs 15.5 billion. Villa sales reached 1,356 transactions valued at Dhs 9.1 billion, representing a 62% month-on-month increase in volume.
Properties priced below Dhs 2 million accounted for almost two-thirds of October’s transactions.
Dubai rental market approaches annual record
Dubai’s freehold areas recorded 44,841 rental contracts in October, taking the total for the first 10 months of 2026 to 339,557.
This represents a 6.8% increase compared with the same period last year, putting the market on course to surpass the annual record of 377,976 contracts registered in 2025.
New tenancy agreements increased by 3.8% year-on-year to 21,987, while renewals rose by 0.5% to 22,854.
Al Warsan First topped the rental rankings with 29,826 contracts during the first 10 months, followed by Al Barsha South Fourth with 27,965 and Jebel Ali First with 27,869.
One-bedroom apartments accounted for the largest share of rental activity, with 138,836 contracts, representing 41% of the total.
Firas Al Msaddi, CEO of fäm Properties, said: “The rental figures show that demand for homes in Dubai continues to hold up well, with new contracts and renewals both increasing year-on-year,” said Firas Al Msaddi, CEO of fäm Properties. “At the same time, the continued preference for off-plan purchases reflects buyers’ confidence in the market’s longer-term prospects.”
tanvir@dubainewsweek.com
