Rigel Properties

Dubai property sales reach AED 35 billion in October as tenancy registrations head for a new record

Market and DLD
Dubai property sales reach AED 35 billion in October as tenancy registrations head for a new record
Photo: Unsplash (illustrative)

DXBinteract data shows 11,974 sales transactions in Dubai in October worth AED 35.01 billion, 18 percent more by value than in September. fäm Properties counts 339,557 freehold tenancy contracts registered in the first ten months, 6.8 percent more than a year earlier.

Arabian Business, citing fäm Properties, reports that Dubai registered 339,557 freehold tenancy contracts in the first ten months of 2026. The record set in 2025 was 377,976, so another 38,420 contracts in November and December would set a new high. October alone brought 44,841 contracts: 21,987 new leases and 22,854 renewals. New leases were up 3.8 percent on October 2025 and renewals up 0.5 percent. One bedroom apartments accounted for about 41 percent of contracts so far this year (138,836). The busiest areas were Al Warsan First, Al Barsha South Fourth, Jebel Ali First and Business Bay. The figures count registered contracts, not rent levels.

On the sales side, October saw 11,974 transactions: 7,609 off-plan worth AED 19.2 billion and 4,289 resales worth AED 15.6 billion. Volume was up 5.4 percent on September. Dubai South led off-plan sales by volume for the eighth month running with 720 deals worth AED 894.6 million, followed by Al Rowaiyah First with 639 deals worth AED 3.2 billion and Al Barsha South Fourth with 449 deals worth AED 542.9 million.

By property type, 8,888 apartments sold for AED 15.5 billion. Villa sales rose 62 percent by volume to 1,356 (AED 9.1 billion) and plot sales rose 92.7 percent to 449 (AED 5.9 billion). Townhouses recorded 649 deals (AED 2 billion) and offices and shops 540 deals (AED 2.3 billion). The month's priciest apartment sold for AED 58 million at Silena Building B on Dubai Islands and the top villa for AED 97 million in Eden Hills. Binghatti Skyterraces led primary apartment sales with 207 deals and Tilal Binghatti led primary villa sales with 336. Some 63.7 percent of all deals were below AED 2 million.

Firas Al Msaddi, CEO of fäm Properties, said the rental figures show demand for homes in Dubai continues to hold up well, and that the preference for off-plan buying reflects buyers' confidence in the market's longer term prospects.

Source: Arabian Business