Tag: Dh118.3 billion

  • UAE Property Market Launches 59 Projects Worth Dh118.3 Billion Since Conflict Began

    UAE Property Market Launches 59 Projects Worth Dh118.3 Billion Since Conflict Began

    Based on the latest data from Property Monitor, Matt Gregory, senior director of strategy at Bayut and dubizzle, confirmed the 59 projects represented more than 12,000 units across the UAE launched after the conflict escalated.

    “This continued launch activity reflects sustained developer confidence and the market’s ability to progress despite short-term uncertainty. The total estimated gross sales value (GSV) of all those units launched is Dh118.3 billion,” Gregory said.

    The regional military conflict involving the US, Israel and Iran escalated on February 28, 2026. Following the US-Israel attacks, Iran targeted the UAE and other Gulf countries with missiles and drones.

    The property sector, which was already undergoing a correction phase after a strong five-year rally, came under pressure due to the conflict. However, the market demonstrated resilience and has been recovering since the ceasefire.

    Market Recovery and Engagement Metrics

    According to Bayut and dubizzle Property data, active users rebounded to 85% of the 2026 baseline by day 58 of the conflict, while unique buyers returned to 87%. The recovery was even more pronounced across platform engagement metrics, with impressions reaching 92% of the 2026 baseline, views reaching 89%, and high-intent enquiries recovering to 80%.

    “Periods of uncertainty often reveal the true strength of a market. What we are seeing across our platforms is a measured and confident return of activity, supported by serious buyers, committed agents and increasingly data-led decision-making. The UAE real estate market continues to demonstrate maturity, with users actively engaging with trusted tools such as TruEstimate and Dubai Transactions to understand value, compare opportunities and make better-informed choices. This is exactly the kind of behaviour that supports long-term market stability,” Matt Gregory said.

    Dubai’s Strong Property Interest

    Dubai continued to witness strong property interest across both ready and off-plan segments. In ready sales, communities such as Jumeirah Village Circle, Business Bay, Downtown Dubai, Dubai Marina and Arjan were among the most searched apartment areas. For villas, Damac Hills 2, Dubai Hills Estate, Arabian Ranches 3, Arabian Ranches and Dubai South led buyer interest.

    For off-plan demand, areas such as Majan, Jumeirah Village Circle, Dubai South, Jumeirah Village Triangle and Business Bay stood out for apartments. Villa demand was led by The Oasis by Emaar, The Valley by Emaar, Damac Lagoons, Dubai South and Mohammed Bin Rashid City.

    Rather than seeing stress in specific communities, Bayut and dubizzle data indicated that established residential areas continued to attract strong interest, particularly those with proven lifestyle appeal, mature infrastructure and sustained end-user demand, Gregory said.

    Rental Market Remains Robust

    Data also showed that rental demand remained concentrated in established and emerging family and lifestyle communities. Jumeirah Village Circle, Arjan, Business Bay, Dubai Marina and Meydan ranked among the most popular apartment rental areas. For villas, Damac Hills 2, Dubai South, Mirdif, Arabian Ranches 3 and The Valley by Emaar were among the most searched rental communities.

    The latest findings point to a market that is not only recovering, but doing so with greater reliance on data, transparency and qualified engagement, nearly two months after the onset of the recent regional uncertainty. The data reinforces the underlying resilience of the UAE’s real estate market as new policy measures and infrastructure projects continue to support buyer confidence.