Dubai Property Sales Hit Dh87.9 Billion Amid Transaction Decline

Summary:

In the second quarter, Dubai recorded Dh87.9 billion in property sales, despite a 28.6% year-over-year decline in transaction volumes due to geopolitical tensions. Abu Dhabi's residential market remained strong, with increased demand for off-plan homes and double-digit annual price growth. Both emirates are set to deliver around 40,000 residential units in the latter half of 2026. Government initiatives in both cities aim to enhance housing affordability, including rent freezes in Abu Dhabi and flexible rental policies in Dubai. Overall, the market is expected to continue growing despite recent slowdowns.