Key takeaways
- Ready sales recovery: Ready-home transactions increased by 11.4% from June to reach 3,546 deals, marking a second consecutive monthly advance.
- Market stability: The citywide ValuStrat Price Index (VPI) reached 219.2 points, registering a marginal monthly adjustment of 0.3%, indicating the market is progressing toward stability.
- Villa performance: Villa capital values remained unchanged year-on-year, with the VPI standing at 292.5 points. Several locations, including Jumeirah Islands (+15%), maintained positive annual growth.
- Ultra-prime strength: Dubai recorded 22 ready-property transactions valued above AED 30 million, an increase from 19 in June, highlighting sustained demand at the top end of the market.
How did Dubai's secondary residential market perform in July 2026?
Featured in Economy Middle East, ValuStrat’s latest market research reveals that Dubai’s residential property market showed clear signs of stability in July. Ready-home transactions rose 11.4% from the previous month to 3,546 deals, representing 27.2% of all residential transactions. This marks the second consecutive monthly increase in the secondary market following a strong recovery in June. The activity was heavily concentrated in established districts, with Jumeirah Village Circle accounting for 14.4% of ready-home transactions, followed by Dubai Marina and Business Bay.
Simultaneously, the pace of adjustment in property values slowed considerably. The citywide ValuStrat Price Index (VPI) reached 219.2 points, registering a marginal monthly adjustment of 0.3%. The citywide weighted average residential value stood at AED 1,516 per square foot. ValuStrat noted that this small monthly movement suggests the residential market is progressing toward a more stable phase as the pace of price adjustments continues to moderate.
What trends emerged in the villa and ultra-prime segments?
Dubai's villa market demonstrated long-term strength. The villa index stood at 292.5 points, leaving older freehold villa communities an average of 187% above their post-pandemic values and 76% above the previous market peak recorded in 2014. While villa capital values were unchanged from a year earlier overall, specific communities recorded strong annual growth, led by Jumeirah Islands (+15%), Emirates Hills (+9.1%), and The Meadows (+7.1%). In contrast, several apartment locations, including Dubai Silicon Oasis (+6%), maintained positive momentum despite a broader segmental adjustment.
The top end of the market also recorded strengthening activity. Dubai saw 22 ready-property transactions valued above AED 30 million in July, up from 19 in June, with six of these transactions exceeding AED 50 million. These ultra-prime deals were concentrated in prestigious locations such as Palm Jumeirah, Dubai Hills Estate, Emirates Hills, and Jumeirah Golf Estates, underscoring sustained luxury demand.
