Why Dubai property sales dropped in the third quarter

Dubai residential property sales fell sharply in the third quarter, according to figures reported by The National. Buyers held back amid regional uncertainty linked to the conflict involving Iran.

Home sales totalled Dh72.6 billion in the three months to the end of September, down 47 per cent on the same period a year earlier. Transactions fell 38 per cent to 34,000 homes. Off-plan properties made up 65 per cent of sales value and 72 per cent of purchases. The figures mix recent and earlier activity because of the lag between agreeing a purchase and registering it.

For the first nine months, transactions fell 23 per cent to 112,580 and values dropped 27 per cent to Dh292 billion. Dubai Land Department data shows sales averaged 12,644 a month from March to September, down 26 per cent from 17,198 in January and February. Prices fell between 5 per cent and 15 per cent from the end of 2025 through September. S&P Global Ratings expects a gradual correction rather than a rapid collapse.

Read the full article on Doment: Why Dubai property sales dropped in the third quarter

Originally published on Doment, Dubai property intelligence.

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