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Property sales in Dubai showed annual growth in April, despite the turmoil

07.05.2026
Homesoverseas.ru editorial office
317
Despite the military turmoil in the region, Dubai's real estate market remains resilient. The founder of Emaar Properties, Mohamed Alabbar, attributed this to high customer confidence and stable payment receipts. Acknowledging short-term disruptions in supply chains due to the closure of the Strait of Hormuz, he expects a rapid recovery.

This confidence is supported by figures: in April 2026, the volume of real estate transactions in the emirate reached 68.56 billion dirhams (18.67 billion US dollars), which is 20% more than in March. The key driver was sales of residential apartments under construction, which showed the best result since the beginning of the year - 19.7 billion dirhams.

The project remains the leader in sales of apartments under construction for the fourth month in a row Dubai Islands - 2.6 billion dirhams for April. Overall, in the first four months of 2026, total sales in the area exceeded 7.9 billion dirhams.

There have also been two mega-deals on the market: apartments at Aman Residences Dubai went for 171 million dirhams (about 17,100 dirhams per square foot), and a facility at Baccarat Hotel & Residences Dubai for 121.8 million dirhams.

At the same time, the commercial sector (offices and shops) showed the strongest growth - by 33.9% year-on-year. Apartment sales increased by 6.5% compared to the previous month, and land sales increased by almost 35%.

Analysts believe that the market benefits from Dubai's reputation as a stable and transparent investment destination. The dominance of initial sales (more than 10.5 thousand transactions versus 3.4 thousand resales) indicates the long-term confidence of buyers.

The average price of real estate per square foot increased by 16.1% year-on-year, to 1,840 dirhams, which confirms the steady demand in both residential and commercial segments.

Sources: Bloomberg, Economy Middle East

 

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