Market Snapshot
Dubai’s residential market remained active this week, but pricing signals were shaped almost entirely by which projects and unit types traded, rather than broad community-wide repricing.
Apartments continued to dominate transaction count, driven primarily by off-plan developer sales (Oqoods), while villas and townhouses concentrated capital value through fewer but larger Title Deed (ready) transactions.
Majan
Liquidity Driven by Binghatti Studios
~113 transactions this week
Median price ~AED 1,850/sqft
~90% off-plan (Oqood)
~93% initial developer sales
Activity heavily skewed toward studio units
Project & unit-level detail:
Binghatti Vintage
~75 transactions this week
Predominantly studio apartments
Studios typically ~400–430 sqft
Sale prices clustering around AED ~750k–830k
Equivalent pricing of ~AED 1,820–1,900/sqft
Samana Barari Heights
Lower transaction count
Mostly studio and small 1-bed units
Studios trading at ~AED 2,050–2,150/sqft, materially higher than Binghatti
What this shows:
Majan’s weekly pricing stability reflects high-volume studio absorption at consistent release pricing, led by Binghatti. Higher-psf projects traded too, but in smaller numbers.
Jumeirah Village Circle (JVC)
Median Lifted by Larger Units and Newer Stock
~201 transactions
Median price slightly higher week-on-week
Increased share of initial developer sales and mid-to-large unit types
Project & unit-level detail:
Luma Park Views (District 14)
Developer Initial-sales of 2-bed and 3-bed apartments
Typical unit sizes ~1,200–1,700 sqft
Sale prices translating to ~AED 2,000–2,100/sqft
Seasons Community (District 15)
Resales of 3-bed apartments
Larger units ~2,600–2,800 sqft
One notable resale around AED ~4.7m, equating to ~AED 1,700+ /sqft
Binghatti projects (multiple districts)
High-frequency studio and 1-bed initial developer sales
Studios printing at ~AED 2,100–2,300/sqft, lifting the weekly median
What this shows:
JVC’s weekly price uplift is explained by larger units and newer projects trading, alongside high-psf studios — not uniform appreciation across all stock.
Business Bay
Median Price Drop Driven by Fewer Premium Sales
~151 transactions
Median price declined sharply last week
Lower proportion of premium initial developer sales
Higher share of mid-psf resale apartments
Project & unit-level detail:
Avarra by Palace (Emaar)
Fewer transactions vs prior week
Mostly 2-bed and 3-bed off-plan units
Typical sizes ~1,400–1,900 sqft
Pricing remained stable at ~AED 3,450–3,500/sqft
Peninsula (Select Group)
Increased resale activity
Mainly 1-bed and 2-bed apartments
Sizes ~750–1,200 sqft
Resale pricing clustered around ~AED 2,400–2,600/sqft
Ultra-prime and trophy prints this week:
Volante Tower
Title Deed resales of large apartments
Unit sizes ~5,500+ sqft
Sale prices ~AED 29–30m
Pricing exceeding ~AED 5,200–5,400/sqft
Burj Binghatti Jacob & Co Residences
Initial Developer sales of branded 2-bed and 3-bed units
Typical sizes ~3,000–3,500 sqft
Sale prices ~AED 11.5–12.5m
Equivalent to ~AED 3,500–3,800/sqft
Sobha Skypark
Initial Developer sales of large 2-bed units
Sizes ~2,100+ sqft
Sale price ~AED 10.2m
Pricing near ~AED 4,700–4,800/sqft
What this shows:
Business Bay’s weekly median moved down because mid-psf resale units traded more, while high-psf initial developer sales traded less — not because premium stock repriced.
Villas & Townhouses : Safe bet (5% of upcoming supply is villas and 10% is townhouses, out of over 400,000 units scheduled for completion)
Capital Still Concentrated
Transaction counts are led by large masterplanned villa communities
Grand Polo Club & Resort recorded the highest villa transaction volume
Capital value remained concentrated in Title Deed (ready) villas, despite ongoing off-plan registrations
Villa and townhouse transactions this week were dominated by larger unit sizes and family-oriented communities, reinforcing their role as capital anchors for end users, rather than quick flips.
Rental Market Snapshot
Business Bay
Using Business Bay rental contracts recorded this week:
Leasing activity increased week-on-week
Median rent declined
Rent per square foot increased slightly
Average leased unit size fell
Unit-level explanation:
More studios and 1-bed apartments leased
Fewer 2-bed and 3-bed units compared to the prior week
This caused the median rent to fall, even as pricing efficiency per square foot held firm.
Developers Shaping This Week’s Market
Volume Drivers
Binghatti — high-frequency studio and 1-bed off-plan releases (Majan, JVC)
Emaar — fewer but higher-value initial sales (Business Bay, Villa masterplans)
DAMAC — low ticket size apartment absorption
Trophy Price Setters
Kerzner — ultra-prime hospitality-linked residences (Royal Atlantis)
Omniyat — consistently high-psf trophy apartments
Xtreme Vision — prime Business Bay stock aligning with ~AED 5,300+/sqft resales (e.g. Volante)
This confirms a barbell structure:
volume is driven by scalable apartment developers; price ceilings are defined by trophy assets.
Closing Note
This week’s data reinforces a clear pattern:
Markets didn’t move — unit types did.
Studios drove liquidity, larger apartments set weekly medians, and trophy units quietly defined the ceiling.
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