Dubai residential prices held largely flat in October, with the ValuStrat Price Index (VPI) rising 0.1 per cent month-on-month to 218.9 points from 218.6 in September. The modest gain came after a cumulative correction of 10.2 per cent since February. No communities recorded monthly declines.
The annual picture remains under pressure. Villa capital values fell 4.8 per cent year-on-year, with notable variation by location. Jumeirah Islands posted the strongest annual growth at 7.3 per cent, followed by Emirates Hills at 4.3 per cent, The Villa at 3.1 per cent and Mira at 1.7 per cent.
At the other end, Palm Jumeirah dropped 10.6 per cent, Mudon fell 10.2 per cent, Dubai Hills Estate declined 9.7 per cent, Victory Heights was down 9.5 per cent and Arabian Ranches fell 8.5 per cent. The weighted average villa value stood at AED 2,035 per sq ft, with an average capital value of AED 12,971,117.
Apartment values declined 7.2 per cent year-on-year. Al Quoz Fourth led with 3.0 per cent annual growth, followed by Dubai Sports City (2.5 per cent), Dubai Silicon Oasis (1.8 per cent) and International City Phase 2 (1.2 per cent). The steepest falls were recorded in Burj Khalifa (-22.4 per cent), Jumeirah Beach Residence (-19.1 per cent), Palm Jumeirah (-10.9 per cent) and Town Square (-11.0 per cent). The weighted average apartment value was AED 1,394 per sq ft, with a capital value of AED 1,782,953.
Despite the correction, older freehold villa communities remain on average 187 per cent above post-pandemic levels and 75 per cent above the market peak of 2014. Older freehold apartment communities sit 67 per cent above post-pandemic levels, though still 9 per cent below the 2014 peak.
Transaction volumes were mixed. Ready-home sales jumped 23.9 per cent month-on-month to 3,602 transactions, though that figure was 25.6 per cent lower year-on-year. Off-plan Oqood registrations rose 2.3 per cent month-on-month to 7,042 transactions, accounting for 66.2 per cent of all residential sales, but were 47.4 per cent below October 2025 levels.
The ultra-prime segment remained active. Twenty-four ready transactions exceeded AED 30 million, including nine priced above AED 50 million, spread across Dubai Hills Estate, Palm Jumeirah, Emirates Hills, DIFC, Al Barari, The World Islands and Dubai Marina.
Among developers, Binghatti led monthly sales with a 13.5 per cent share, followed by Damac at 10.5 per cent, Emaar at 9.7 per cent, Azizi at 8.5 per cent and Danube Properties at 4.8 per cent.
Sobha accounted for 4.8 per cent and Ellington Properties for 3.3 per cent. On the off-plan side, Azizi Venice drew the largest share of transactions at 8.3 per cent, ahead of Jumeirah Village Circle at 6.7 per cent and Dubai Residence Complex at 5.4 per cent. For ready homes, Jumeirah Village Circle dominated with 10.8 per cent of sales, followed by Business Bay at 6.4 per cent and Liwan at 5.1 per cent.
