- May 11, 2026
- 3
- News&Media
37 offices sold for AED 1.17 billion in this project
Total trading reached AED 7.99 billion in Week 19, with 3,598 transactions recorded across Dubai’s ex-land property market. This represents a 17.0% decline from last week’s AED 9.62 billion, while transaction volumes fell by 592 deals, or 14.1%, from 4,190 transactions.
Off plan remained the clear market driver, contributing AED 5.49 billion, or 68.7% of weekly ex-land activity. Ready properties accounted for AED 2.50 billion, or 31.3%. Separately, land transactions added another AED 3.77 billion, taking total real estate activity, including land, to approximately AED 11.76 billion.
| Category | Off-Plan (AED millions) | Ready (AED millions) |
| Flat | 3,269.2 | 1,670.3 |
| Villa | 773.7 | 552.0 |
| Hotel Apt. & Rooms | 78.3 | 109.9 |
| Commercials | 1,365.6 | 171.5 |
| Total | 5,486.9 | 2,503.7 |
Off-Plan Market Performance
Total Value: AED 5.49 billion
Share of Weekly Total: 68.7%
| Sub-category | Value (AED millions) | % of Off-Plan |
| Flat | 3,269.2 | 59.6% |
| Villa | 773.7 | 14.1% |
| Hotel Apt. & Rooms | 78.3 | 1.4% |
| Commercials | 1,365.6 | 24.9% |
| Total | 5,486.9 | 100.0% |
Off-plan activity remained heavily concentrated in apartments, which generated nearly AED 3.27 billion, equivalent to 59.6% of the off-plan market. The notable shift this week came from commercial transactions, which reached AED 1.37 billion, contributing 24.9% of off-plan value and giving the segment a much stronger institutional and business-property tone than usual.
Top Performing Off-Plan Areas
| Area | Value (AED millions) | % of Off-Plan | % of Weekly Total |
| Business Bay | 1,315.4 | 24.0% | 16.5% |
| Dubai Islands | 373.7 | 6.8% | 4.7% |
| Wadi Al Safa 3 | 283.5 | 5.2% | 3.5% |
| Saih Shuaib 1 | 261.4 | 4.8% | 3.3% |
| Dubai Water Canal | 246.2 | 4.5% | 3.1% |
Business Bay dominated the off-plan market, with AED 1.32 billion in transactions. This was largely driven by the sale of 37 offices in Lumena By Omniyat for AED 1.17 billion, making the area the clear standout of the week. The top 10 off-plan locations together accounted for 61.2% of off-plan value and 42.0% of total weekly ex-land activity.
Ready Market Performance
Total Value: AED 2.50 billion
Share of Weekly Total: 31.3%
| Sub-category Value (AED millions) % of Ready Flat 1,670.3 66.7% Villa 552.0 22.0% Hotel Apt. & Rooms 109.9 4.4% Commercials 171.5 6.9% Total 2,503.7 100.0% |
The ready market remained primarily apartment-led, with flats contributing AED 1.67 billion, or 66.7% of ready activity. Villas added AED 552.0 million, representing 22.0%, while commercial and hospitality-linked assets played a smaller but still visible role.
Top Performing Ready Areas
| Area | Value (AED millions) | % of Ready | % of Weekly Total |
| Business Bay | 265.2 | 10.6% | 3.3% |
| Burj Khalifa | 197.7 | 7.9% | 2.5% |
| Palm Jumeirah | 195.7 | 7.8% | 2.4% |
| Jumeirah Village Circle | 145.8 | 5.8% | 1.8% |
| Jumeirah Lakes Towers | 134.2 | 5.4% | 1.7% |
Business Bay also led the ready market, with AED 265.2 million in completed-property transactions. Prime and established communities such as Burj Khalifa, Palm Jumeirah, Dubai Marina, Dubai Hills, and Emirate Living continued to anchor end-user and high-net-worth demand.
Transaction Type Analysis
| Transaction Type | Off-Plan (AED millions) | Ready (AED millions) | Total (AED millions) | % of Weekly Total |
| Gifts | 177.7 | 302.6 | 480.3 | 6.0% |
| Mortgage | 12.3 | 844.0 | 856.3 | 10.7% |
| Sales | 5,296.9 | 1,357.1 | 6,654.0 | 83.3% |
| Total | 5,486.9 | 2,503.7 | 7,990.6 | 100.0% |
Sales overwhelmingly drove the week, accounting for AED 6.65 billion, or 83.3% of total ex-land value. In the off-plan market, sales represented 96.5% of activity, confirming that the segment was almost entirely transaction-led rather than mortgage-led.
The ready market was more balanced. Sales contributed AED 1.36 billion, or 54.2% of ready value, while mortgages reached AED 844.0 million, equal to 33.7% of the ready segment. This highlights the structural difference between the two markets: off-plan remains cash-sale heavy, while ready property activity continues to show a stronger financing component.
On the micro level
The highest off-plan flat transaction was recorded in Casa AHS, Dubai Water Canal, at AED 101.2 million, reinforcing the continued depth of ultra-prime apartment demand. The highest off-plan villa transaction was in Numa Reserve, Wadi Al Safa 3, at AED 30.0 million.
In the ready market, the highest flat transaction was in Eden House, Dubai Water Canal, at AED 49.0 million, while the highest ready villa transaction was recorded in Motor City at AED 9.9 million.
| Segment | Property Type | Area / Project | Value |
| Off-Plan | Flat | Dubai Water Canal — Casa AHS | AED 101.2 million |
| Off-Plan | Villa | Wadi Al Safa 3 — Numa Reserve | AED 30.0 million |
| Ready | Flat | Dubai Water Canal — Eden House | AED 49.0 million |
| Ready | Villa | Motor City | AED 9.9 million |
Weekly Comparison
| Metric | Last Week | This Week | Change |
| Total Value | AED 9.62 billion | AED 7.99 billion | -17.0% |
| Total Transactions | 4,190 | 3,598 | -14.1% |
Market Insights & Outlook
Week 19 showed a cooler headline market compared with the previous week, but the underlying composition remained strong. The decline in both value and transaction count suggests a moderation in activity rather than a structural weakening, especially given that off plan still captured nearly 69% of total ex-land value.
The week’s most important signal was the scale of commercial off-plan activity, led by Business Bay and the Lumena By Omniyat office transactions. This pushed commercial assets to almost 25% of the off-plan market, an unusually strong contribution that shows investor appetite is not limited to residential units.
Ready properties continued to provide depth through established communities, with Business Bay, Burj Khalifa, Palm Jumeirah, JVC, JLT, and Dubai Marina all featuring prominently. The ready market’s higher mortgage share also points to continued participation from financed buyers, while the off-plan market remains dominated by direct sales.
Overall, Week 19 was softer than Week 18, but still active. With AED 7.99 billion in ex-land transactions and another AED 3.77 billion in land activity, Dubai’s property market continues to show liquidity across apartments, villas, commercial assets, and prime-ticket transactions.
Data Source: Dubai Land Department
Only freehold transactions are included
