Dubai Sees Surge in Home Deliveries Amid Slowing New Launches

Summary:

In Q2 2026, Dubai's residential market saw the highest quarterly delivery of new homes in years, with 27,300 units completed, including 17,400 apartments and 9,900 villas. However, new project launches dropped to 5,335 units, reflecting a cautious investment environment. Residential transactions fell 19% to 35,884, with off-plan properties making up 76% of sales. Apartment prices decreased by 4% to Dh1,960 per square foot, while villas dropped 0.8% to Dh1,646. The rental market also moderated, with rents declining 8-10%. Despite this, luxury sales remained strong, with 864 transactions over Dh10 million.