The real estate market in Dubai continued to cool off in the third quarter of 2026. After we had already noted in Q2 that the market was entering its first correction phase in several years, the latest figures confirm this trend.

In the third quarter, approximately 37,700 real estate sales were recorded. Compared to the exceptionally strong same quarter of the previous year, this represents a decline of about 36%. The total transaction volume amounted to approximately AED 93.6 billion.

The real estate market in Dubai lost significant momentum in the second quarter of 2026. This was triggered in particular by the escalation of the Iran conflict in late February. Since there is often a two- to three-month lag between the decision to purchase and registration with the Dubai Land Department, the figures starting in June provide the first realistic picture of current market sentiment.

On July 3, 2026, we were pleased to welcome numerous guests to this year’s real estate event at the Sablier at Zurich Airport. It was an evening filled with engaging presentations, interesting encounters, and an open discussion about the real estate market in Dubai.

Terra Nova kicked off the evening with a journey through time, tracing Dubai’s development since 2010 and highlighting the milestones that have made the city one of the world’s most attractive real estate destinations.