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Tag: off-plan sales

  • Dubai Posts Second-Highest Half-Year Real Estate Sales at $77.88 Billion

    Dubai Posts Second-Highest Half-Year Real Estate Sales at $77.88 Billion

    The sales figures included 71,500 residential unit deals, 7,296 building transactions, and 7,129 land sales, falling just short of the record AED326.6 billion achieved in the first half of 2025.

    Sales of ready-built properties accounted for the largest share of total sales, topping AED146.7 billion through 27,200 transactions, comprising 18,300 residential units, 1,738 buildings, and 7,135 land plots. Off-plan property sales reached AED139.8 billion through 58,800 transactions, divided into 53,270 residential units and 5,563 buildings.

    The value of mortgage transactions exceeded AED102 billion through more than 22,000 deals in the first half of 2026, while gift transactions amounted to AED31.4 billion through 4,501 transfers.

    The total value of real estate transactions in Dubai during the first six months reached approximately AED419.94 billion through 112,850 transactions. In the second quarter alone, sales exceeded AED110 billion from 38,300 deals, with mortgages totaling AED42.6 billion and gifts reaching AED16 billion.

    “The results achieved by Dubai’s real estate market during the first half of 2026 confirm the sector’s resilience and ability to continue growing,” said Walid Al Zarooni, W Capital CEO. “Recording the second-highest half-year sales in the market’s history, despite being compared to an exceptional year like 2025, reflects the continued genuine demand for real estate, the high levels of confidence among local and international investors, and the strong economic fundamentals underpinning the market.”

    Al Zarooni emphasized that the record performance is no longer a temporary phenomenon, but rather a reflection of a sustainable growth trajectory supported by an ambitious government vision, a flexible legislative framework, world-class infrastructure, a competitive tax environment, and the continued development of high-quality projects that meet the needs of various investor segments.

    These factors have made Dubai one of the most attractive and stable real estate destinations globally, enhancing its ability to attract capital and high-net-worth individuals from various markets, he added.

    Looking ahead to the second half of 2026, Dubai’s real estate market holds very positive indicators, given the continued population growth, rising demand for residential units, the expansion of international companies establishing their headquarters in Dubai, and the ongoing launch of new world-class projects.

    Al Zarooni noted that the improvement in global geopolitical conditions and the easing of tensions compared to the past will boost investor confidence and increase global investment appetite, which will positively impact markets characterized by stability and transparency, foremost among them Dubai.

    “All current indicators point to continued strong market performance in the second half of the year, with the potential to reach new record levels in real estate sales and transactions,” Al Zarooni stated.

    The performance aligns with broader trends across the UAE property sector, where large-scale land transactions and record project launches have characterized the first half of the year. Meanwhile, high-supply communities are beginning to offer tenants more negotiating power as delivery volumes rise in select areas.

    Supported by robust economic growth, continued foreign direct investment inflows, sustained expansion in non-oil sectors, and increasing population numbers, 2026 is positioned to be among the best years in the history of Dubai’s real estate market, according to W Capital.

  • Abu Dhabi Home Sales Rebound in April with 3,200 Transactions

    Abu Dhabi Home Sales Rebound in April with 3,200 Transactions

    Residential property activity in Abu Dhabi demonstrated resilience through March and April, with transaction volumes and values in April returning to levels seen earlier in the year, according to new market insights released by the Abu Dhabi Real Estate Centre (Adrec).

    Data covering the past eight weeks shows that residential unit sales softened slightly in March before gathering pace again in April. Around 2,600 residential transactions were recorded in March, compared with approximately 2,700 in January and 3,100 in February. April saw more than 3,200 residential unit sales, surpassing transaction volumes from the first two months of the year.

    In value terms, April marked a strong month, with residential sales exceeding Dh13 billion, reflecting sustained buyer interest despite broader price stability across the market.

    Adrec noted that ready unit sales provide the clearest indication of near-term demand, as they reflect immediate purchasing decisions rather than forward commitments typically associated with off-plan transactions. Over the eight-week period, ready sales broadly tracked recent historical averages, with March recording 482 transactions worth around Dh1.2 billion. In April, ready sales recovered to 529 units with transaction values returning to around Dh1.6 billion, in line with earlier norms.

    Off-plan development activity remained steady over the period, with several major projects launched across the emirate. These included Modon’s Tara Park, Ohana Development’s Manchester City Yas Residences, Aldar’s Yas Park Place and Sobha City Abu Dhabi, underscoring continued confidence among developers and a steady pipeline of new supply entering the market. The Tara Park sell-out on Reem Island generated approximately AED2 billion in sales.

    On pricing, listing data suggested limited downward pressure. Roughly 90 per cent of residential listings recorded no change or posted price increases. Where reductions were made, they were generally modest, with between 85 per cent and 90 per cent of adjusted listings seeing decreases of less than 10 per cent, pointing to contained and selective repricing rather than broad-based declines.

    The rental market continued to expand, with the total number of active leased residential units rising steadily on a week-by-week basis throughout 2026. Adrec noted that while growth has moderated in line with trends seen over the past two to three years, high occupancy levels continue to underpin leasing activity across the emirate.

    The emirate’s performance follows the second-strongest quarter on record in Q1 2026, when transaction volumes in Abu Dhabi City exceeded 7,200 deals, just below the all-time peak of 7,600 recorded in Q4 2025.

    Adrec said the latest data release is part of its ongoing efforts to improve transparency and provide market participants with clearer insight into evolving real estate trends in Abu Dhabi, with transaction indicators and performance data available through its official platform.

  • UAE Real Estate Records AED6 Billion Yas Island Sale in March 2026

    UAE Real Estate Records AED6 Billion Yas Island Sale in March 2026

    The UAE’s property market continued to strengthen its position as a premier global real estate destination throughout March 2026, driven by record-breaking demand, rapid project launches, and sustained investor confidence across all major emirates.

    Abu Dhabi led the performance surge with the Yas Island project achieving AED6 billion ($1.63 billion) in sales, with all units selling out within 72 hours of launch. The exceptional sales velocity reflects the continued appetite for premium residential developments in the capital.

    Dubai’s market maintained robust activity, with AED10 billion in transactions completed within a single 10-day period. The emirate also recorded the third-highest residential deal in its history, with a luxury apartment transaction valued at AED422 million ($114.9 million), underscoring continued demand at the ultra-high-end segment.

    Sharjah’s property sector experienced remarkable growth during Ramadan, with transactions surging 72% to reach AED4.6 billion, demonstrating the emirate’s growing appeal among investors and end-users alike.

    The accelerating pace of developments and the growth in transactions across all three emirates illustrate the durability of the UAE property market and its international status as a dependable long-term investment location. Industry observers note that the consistent volume of fresh development launches and ongoing construction activity throughout March 2026 reflects both developer confidence and sustained buyer demand.

    Market trends observed during the period include record-breaking demand across residential segments, strong investor confidence despite regional uncertainties, and rapid project launches meeting immediate market absorption. The performance across specific regions highlights the diversification of investment flows beyond Dubai, with Abu Dhabi and Sharjah capturing significant market share.

    The sustained momentum in the UAE’s property sector aligns with broader economic fundamentals, including population growth, infrastructure development, and the country’s position as a safe haven for international capital. The off-plan segment continues to drive activity, supported by competitive pricing and flexible payment plans offered by developers.

    As the market enters the second quarter of 2026, the strong performance in March sets a positive trajectory for continued growth, with several major project launches anticipated across all emirates in the coming months.

  • Dubai Off-Plan Apartment Sales Rise 12.9% to $4.77 Billion in March

    Dubai Off-Plan Apartment Sales Rise 12.9% to $4.77 Billion in March

    Dubai’s real estate market demonstrated continued resilience in March 2026, with off-plan residential apartment sales reaching AED17.5 billion ($4.77 billion), up from AED15.5 billion in the same month last year, according to an analysis of Dubai Land Department (DLD) data released April 1, 2026.

    Transaction volumes increased 2.3% year-on-year to 7,983 off-plan residential apartment deals, compared to 7,801 transactions in March 2025, reflecting sustained investor confidence in Dubai’s under-construction residential segment.

    Dubai Islands Leads Off-Plan Sales

    Al Masdar Al Aqaari’s latest report revealed that Dubai Islands emerged as the top-performing area by sales value, generating AED1.3 billion from 402 transactions during March. Madinat Al Mataar, near Al Maktoum International Airport, ranked second with AED1.2 billion across 809 off-plan residential apartment transactions while also leading in transaction volume.

    Jumeirah Second secured third place with AED1.1 billion in total sales, driven by just nine high-value transactions within the Dubai Peninsula master development, including Aman Residences Dubai and Peninsula Dubai Residences – Tower 2.

    By transaction volume, Madinat Al Mataar led with 809 deals, followed by Dubai Land Residence Complex with 651 transactions worth AED618.9 million, and Jumeirah Village Circle (JVC), which recorded 570 transactions totaling AED660.6 million.

    Luxury Segment Posts Record Transactions

    Dubai’s luxury real estate segment recorded several landmark deals in March, with Aman Residences Dubai completing the third most expensive off-plan apartment sale in Dubai’s history. The transaction, valued at AED422 million, involved a 31,201-square-foot off-plan residential apartment sold at AED13,525 per square foot. The project also recorded another high-value deal, with a similar-sized unit selling for AED356.2 million at AED11,417 per square foot.

    The highest price per square foot during the month was recorded at South Square, Madinat Al Mataar, where a 1,230-square-foot off-plan residential apartment sold for AED19.9 million, equating to AED16,180 per square foot.

    The second-highest rate was at Aman Residences Dubai, where a 3,824-square-foot off-plan residential apartment sold for more than AED55.6 million at AED14,545 per square foot.

    Market Context

    The strong March performance comes as Dubai’s property market shows resilience amid ongoing regional tensions. Industry analysts note that the off-plan segment continues to attract both local and international investors, with move-in-ready properties and under-construction units both seeing strong demand.

    The data reinforces Dubai’s position as a leading real estate investment destination, with developers continuing to launch new projects and buyers maintaining confidence in the emirate’s long-term growth trajectory. As S&P Global Ratings recently noted, strong developer fundamentals and substantial revenue backlogs continue to support market stability.

  • Dubai Real Estate Sales Surge 18% to $16.5 Billion in February 2026

    Dubai Real Estate Sales Surge 18% to $16.5 Billion in February 2026

    Dubai’s real estate sector maintained exceptional momentum through February 2026, with transaction values climbing 18.14% year-on-year despite evolving market dynamics across property segments. According to Dubai Land Department data, total sales reached 16,959 deals generating AED60.60 billion ($16.5 billion), representing a 5% increase in volume compared to February 2025.

    Off-plan properties dominated market activity, accounting for 10,526 transactions or approximately 62% of total sales, while ready properties recorded 6,437 deals representing 38% of the market.

    Apartments Drive Residential Growth

    The apartment segment emerged as the primary growth driver, with transactions rising from 11,385 sales worth AED21.7 billion in February 2025 to 12,820 deals totaling AED26.6 billion in February 2026. The villa market experienced a sharp contraction, with transactions declining from 3,966 deals valued at AED19.7 billion to just 1,563 sales worth AED6.4 billion year-on-year.

    Commercial property demonstrated exceptional performance, with transactions surging from 443 sales valued at AED1.2 billion to 717 deals totaling AED9.54 billion—a near eight-fold increase in value.

    “Hitting over AED60 billion in sales volume solidifies Dubai’s position as one of the globe’s most resilient and desirable real estate hubs. This surge is driven by a balanced blend of end-user demand and enduring investor confidence,” said Tara Khan, Sales Director of Kelt and Co Realty.

    Khan noted that the market has reached a mature phase with steady price growth, strategically managed supply, and buyer involvement across both emerging and established communities.

    Transaction Activity Concentrated in Key Districts

    By volume, Jumeirah Village Circle led with 1,146 transactions, reaffirming its status as one of Dubai’s most active residential hubs. Al Yelayiss 1 followed with 916 deals, Madinat Al Mataar recorded 828 transactions, while Dubai Land Residence Complex registered 750 sales and Business Bay closed the top five with 733 deals.

    In value terms, Al Yelayiss 1 dominated with AED5.38 billion in sales, followed by Al Yelayiss 5 at AED2.41 billion and Me’Aisem Second at AED2.27 billion. Business Bay generated AED2.21 billion, while Palm Jumeirah reached AED1.89 billion, driven by continued demand for ultra-prime waterfront properties.

    Ultra-Luxury Transactions Define Upper Tier

    Among apartments, The Alba Residences by Omniyat topped the list with a AED225.97 million sale, followed by Peninsula Dubai Residences – Tower 2 at AED210 million. Solara Tower Dubai recorded a transaction worth AED113.66 million, while Passo by Beyond achieved AED98 million and Como Residences closed at AED63.5 million.

    In the villa segment, EOME at Palm Jumeirah led with a sale valued at AED115 million. Zaya Zuha Island at The World Islands featured multiple transactions at AED68.58 million, while Amali Island at The World Islands recorded a sale of AED68.4 million.

    The February performance follows Dubai’s landmark 2025, when the emirate’s population exceeded four million residents as property transactions approached Dh900 billion. The market has transitioned toward structured capital allocation, with strategic capital now accounting for approximately 40% of transactions.

    Market fundamentals remain supported by expanding business activity and tight inventory, particularly in the office sector where limited Grade A supply continues to drive investment activity across commercial segments.