Dubai Home Sales Value Falls 46% in Q3 2026 as Rents Drop in Marina, Business Bay and JVC

Published: 13 October 2026

Dubai home sales value fell 46% year-on-year in the third quarter of 2026, according to the latest Savills Middle East report. Residential transactions totalled AED 70.8 billion across about 34,500 deals, while apartment rents in Dubai Marina, Business Bay and Jumeirah Village Circle (JVC) dropped by more than 10% from a year earlier.

Khaleej Times reported the Dubai home sales figures on 13 October. Zawya carried the Savills press release, and Emirates 24|7 covered the luxury segment.

Dubai Home Sales Value Falls as Off-Plan Slows

Savills counted roughly 34,500 residential transactions in Q3, 4% fewer than in Q2 and 38% fewer than a year ago. Value slid to AED 70.8 billion, down 14% from AED 82.6 billion in Q2 and 46% from AED 132.2 billion in Q3 2025.

The fall came from off-plan. Off-plan value dropped from AED 61.3 billion to AED 45.7 billion, while the ready market rose from AED 21.3 billion to AED 25.1 billion. Savills ties the slowdown in Dubai home sales mostly to fewer launches: about 5,000 units came to market in Q3, against roughly 36,400 in Q2.

Average apartment prices fell 4.8% on the quarter to AED 1,817 per sq ft, and villa and townhouse prices slipped 3.3% to AED 1,523. Like-for-like, Savills says apartment prices dipped just 1.7% and villa prices were unchanged.

Dubai home sales stayed concentrated: the top five developers took 47.9% of transactions, led by Azizi Developments with 21%, followed by Emaar Properties at 9%.

Rents Drop in Marina, Business Bay and JVC

Apartment rents fell 12.8% in Dubai Marina, 12.2% in Business Bay and 10.4% in JVC year-on-year, the steepest declines of any Dubai community. Among villas and townhouses, Arabian Ranches 3 fell 15% and Damac Lagoons 13.4%.

Even as Dubai home sales cooled, leasing volumes moved up. Rental transactions rose 16% quarter-on-quarter to 181,900, and new leases made up 44% of contracts, up from 36%. Savills reads the small quarterly movements as early signs of stabilisation, but says the picture is uneven by location.

Luxury Prices Hold While Supply Tightens

Emirates 24|7 reports that luxury apartment prices were 4% higher year-on-year at AED 5,237 per sq ft, and luxury villas and townhouses were up 3.6%. Luxury Dubai home sales produced the biggest Q3 deal, a Palm Jumeirah villa sold for AED 260 million.

Only about 50,000 units have launched in the first nine months of 2026, roughly 64% below a year earlier. Savills expects 2026 deliveries of 75,000 to 85,000 units, and describes the market as entering “a phase of rebalancing rather than a reversal.”

For buyers reading the Dubai home sales data, the split between segments is the detail to watch. Compare off-plan and ready homes and check rental yield by area before committing. Our guide to buying property in Dubai covers the steps.

Frequently Asked Questions

How much did Dubai home sales value fall in Q3 2026?

Savills reports that Dubai home sales totalled AED 70.8 billion in Q3 2026. That is 14% below the AED 82.6 billion recorded in Q2 and 46% below the AED 132.2 billion seen in Q3 2025. Transactions numbered about 34,500, down 38% year-on-year.

Which Dubai areas saw the biggest apartment rent drops?

Dubai Marina led with a 12.8% year-on-year fall in apartment rents, followed by Business Bay at 12.2% and Jumeirah Village Circle at 10.4%. These were the largest declines among Dubai communities in the July to September period, according to Savills’ Q3 2026 report.

Is the off-plan market weaker than the ready market?

In Q3 off-plan transaction value fell from AED 61.3 billion to AED 45.7 billion, while ready-market value rose from AED 21.3 billion to AED 25.1 billion. Savills links the off-plan decline mainly to fewer launches, with about 5,000 units launched against roughly 36,400 in Q2.

How many new homes does Savills expect Dubai to deliver in 2026?

Savills expects 2026 deliveries of between 75,000 and 85,000 units. About 26,500 were handed over in the first half, and a further 50,000 to 60,000 are expected in the second half, with the remainder likely to slip into 2027, according to Khaleej Times.

Sources

• Khaleej Times: Rents in Dubai fall over 12%: Dubai Marina, Business Bay and JVC lead (13 October 2026)
• Zawya: Dubai residential market enters period of stabilisation as buyer selectivity increases, says Savills (12 October 2026)
• Emirates 24|7: Dubai luxury property prices up by 4%, with rentals jumping 16% (14 October 2026)