Dubai’s super-rich buyers are still spending, but the wider market is cooling

Summary:

Dubai's property market in the first half of 2026 shows strong activity in luxury sales, with 296 homes sold for over $10 million, totaling $5.1 billion—a 14% increase year-on-year. Despite a cooling broader residential market, June saw a rebound in transactions, with nearly 12,315 sales worth Dh25.17 billion. Rentals also hit a record high, with 40,022 contracts registered in June. While prices have softened by 5% to 20% in some areas, overall demand remains resilient, driven by off-plan sales and a stable rental market amid regional uncertainties.