Real Estate

Dubai's real estate market maintained its strong momentum in June 2026, recording the highest-ever monthly number of rental contracts while property sales increased in both volume and value, highlighting continued confidence among buyers, investors, and tenants.

According to the latest market analysis by fäm Properties, a record 40,022 rental contracts were registered during the month, marking the highest monthly total ever recorded in Dubai.

The number of new rental contracts climbed 48.6 per cent year-on-year to 19,245, while renewed contracts increased 28.5 per cent to 20,777, reflecting sustained demand from both new residents and existing tenants choosing to remain in the emirate.

Based on open market data from DXBinteract, Dubai recorded 13,933 property sales transactions worth AED33.2 billion in June. This represented a 35.5 per cent month-on-month increase in transaction volume and a 14.9 per cent rise in total sales value.

The strong monthly performance lifted second-quarter sales to 38,157 transactions valued at AED110.2 billion, while the first half of 2026 saw 86,077 property transactions worth a combined AED286.2 billion.

Commenting on the latest figures, Firas Al Msaddi, CEO of fäm Properties, said buyers and tenants continue to demonstrate growing confidence across every property segment, with both the rental and sales markets showing sustained strength.

He noted that Dubai South continues to strengthen its reputation among buyers, adding that the area's consistent performance signals its transition from an emerging location into an established investment destination, while reinforcing confidence in Dubai's long-term development strategy.

All major property sectors posted month-on-month growth during June. Villa sales rose 46.5 per cent to 1,474 transactions valued at AED7.5 billion, while apartment sales increased 32.3 per cent to 11,605 transactions worth AED17.8 billion.

The commercial property sector, including offices and retail units, recorded 478 transactions worth AED2.3 billion, representing a 42.7 per cent increase in sales volume. Land plot sales registered the strongest growth, surging 68.3 per cent to 276 transactions valued at AED5.4 billion.

The primary market continued to dominate activity, accounting for 10,398 transactions worth AED21.6 billion, compared with 3,535 resale transactions valued at AED11.6 billion.

For the fourth consecutive month, Dubai South emerged as the city's top-performing area, recording 2,869 transactions worth AED3.3 billion. Sales volume increased 111 per cent month-on-month, while transaction value rose 106 per cent.

The district has now featured among Dubai's top five performing locations for eight consecutive months, with demand largely driven by off-plan developments, reflecting strong investor and end-user confidence in the government's long-term vision for the integrated urban hub.

The most expensive apartment sold during June was priced at AED200 million at Bugatti Residences by Binghatti in Business Bay, while the highest-priced villa changed hands for AED89 million at Eden Hills.

Properties priced below AED1 million accounted for the largest share of transactions at 42.2 per cent, followed by homes valued between AED1 million and AED2 million at 30.2 per cent. Properties priced between AED2 million and AED3 million represented 12.3 per cent of total sales, while 8.3 per cent were valued between AED3 million and AED5 million. Homes priced above AED5 million accounted for 6.8 per cent of all transactions.

Among Dubai's top-performing areas in June were Dubai South with 2,869 transactions worth AED3.3 billion, Jebel Ali First with 1,153 transactions valued at AED1.4 billion, Al Barsha South Fourth with 764 transactions worth AED1 billion, Wadi Al Safa 5 with 526 transactions valued at AED815.3 million, and Al Thanya Fifth, which recorded 497 transactions worth AED1.4 billion.

The best-selling primary apartment projects included Azizi Venice 14 Building G, Azizi Venice 12 Building A, Azizi Arian, Azizi Venice 11, and Azizi Venice 14 Building A. In the villa segment, Jebel Ali First, Dubai South, Verdana 4, Al Yelayiss 1, and Verdana 5 led primary market sales.

In the resale apartment market, Creek Beach – Moor Building 4, Sobha Hartland – Crest Grande, Peninsula Four, Peninsula Three, and Binghatti Apex ranked among the most active projects. The top-performing resale villa communities included Damac Lagoons – Portofino, Mudon Al Ranim 4, Damac Lagoons – Malta 2, Damac Lagoons – Costa Brava 1, and Damac Lagoons – Malta 1.

• Tags
• #Business
• #Magazine
• #Lifestyle