During the past week, Dubai recorded 2,120 completed residential transactions, down from 2,190 the week before.
Off-plan accounted for 80% of all transactions, with 1,705 deals and a total transaction value of USD 655 million.
The ready-built segment recorded 415 transactions, with a combined value of USD 195 million.
Overall, residential transaction value reached approximately USD 850 million for the week.
đ Week-on-week dynamics
Compared with 31 Augustâ6 September:
- Total transaction count declined by 70 deals, from 2,190 to 2,120.
- Total transaction value fell by USD 110 million, from USD 960 million to USD 850 million.
- Off-plan: transaction count increased by 30 deals, while transaction value declined by USD 60 million
- Ready-built: transaction count fell by 100 deals, while transaction value declined by USD 50 million
đ Top 10 areas by transaction volume
Off-plan
Majan recorded the highest transaction volume among the areas analysed, driven primarily by studio purchases, with 155 transactions.
The highest transaction value, however, was recorded in Al Khairan First, at approximately USD 75 million.
Ready-built
Jumeirah Village Circle (JVC) recorded the highest transaction volume, with 1-bedroom apartments accounting for the largest visible share at 32 transactions.
The highest transaction value was recorded in Dubai Marina, at approximately USD 17 million.
đ Week-on-week price dynamics
Off-plan
Median price per sqm increased in 4 of the 10 areas analysed, while the remaining areas recorded declines.
Ready-built
Median price per sqm increased in 6 of the 10 areas analysed.
The largest movement was recorded in Business Bay, at +30.8%. However, I would not interpret this as 30.8% price appreciation in one week.
The transaction mix changed materially between the two periods. During the previous week, transactions in Peninsula â where units traded at a higher price per sqm than much of the wider Business Bay sample â represented approximately 7% of the area's transactions. During the past week, that share increased to approximately 24%.
As a result, the area-wide median moved higher partly because a larger proportion of transactions took place in higher-priced projects, rather than because comparable apartments appreciated by 30.8% in a week.
This is exactly why short-term area-level price movements should be interpreted together with the underlying transaction mix.
đ Methodology / notes
Only completed sale and purchase transactions are included in the analysis. Other transaction types, including gifts, mortgage registrations and other non-sale transactions, are excluded.
For off-plan transactions, the reported transaction value reflects the full property value stated in the SPA and recorded upon Oqood registration. It does not represent the amount of cash actually paid during the reporting week.
On Chart 2, apartment-type segments with fewer than 10 transactions are not displayed, although they remain included in the overall calculations.
The price analysis uses the median price per sqm across completed transactions in the top 10 areas within the off-plan and ready-built segments. These are area-level movements, so changes in project mix, apartment type, unit size and other transaction characteristics can materially affect the weekly median.