by Savills – Dubai’s residential market entered 2026 with transaction volumes easing following strong activity levels throughout 2025.
Q1 2026 recorded approximately 45,208 transactions, down 17% quarter-on-quarter, with March providing the clearest indication of current market conditions.
Key Highlights
45,208 total transactions in Q1 2026 (-17% q-o-q)
Off-plan market accounted for 72% of overall transactions
2,064 transactions above AED 10M
Secondary market activity declined significantly in March
Market Performance
January and February saw strong activity levels, while March reflected a slowdown influenced by geopolitical developments and seasonal factors such as Ramadan and Eid.
Transaction volumes declined by approximately 17% compared to February, indicating a moderation in activity.
Demand & Pricing
The off-plan market remained dominant, accounting for 72% of transactions.
Secondary transaction volumes declined by approximately 40% month-on-month, with mortgage activity also reducing, indicating a more cautious approach among buyers.
Average prices increased in Q1 2026, although early signs of moderation are emerging in more recent data.
Outlook
The market has entered a more cautious and measured phase, with near-term activity expected to remain under pressure while trends are monitored for clearer direction.
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