Freehold Index Report, September 2026

September: off-plan sales cool from last year's record as new rents ease

Apartments, Dubai. Data to 30 September 2026, registered by 9 October 2026.

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Dubai gross yield, %5.98%−0.04 pts on Aug 2026−0.26 pts on Sep 202512 months, Oct 2025 to Sep 2026 · 31,224 sales, 205,310 new rent contracts
Apartment sales8,778−8% on Aug 2026−48% on Sep 2025September 2026 · n = 8,778
Median price, AED per sq ftAED 1,679−2% on Aug 2026September 2026 · n = 8,778
New rent contracts24,079+12% on Aug 2026+15% on Sep 2025September 2026 · n = 24,079
Renewals23,205−9% on Aug 2026−22% on Sep 2025September 2026 · n = 23,205

Takeaways

  1. InvestorsBuyers

    Apartment sales fell 48% from last September's record, with off-plan accounting for almost nine in ten of the drop.

  2. Owners

    Ready apartment prices are at their highest annual level since 2010: AED 1,454 per sq ft so far in 2026.

  3. RentersLandlords

    New-tenant rents eased year on year while renewals rose, narrowing the gap for the first time since 2022.

  4. Landlords

    New rent contracts outnumbered renewals in September, 24,079 to 23,205.

  5. Investors

    Dubai's gross apartment yield is 5.99%, down 0.25 points on a year.

Chart of the month

September apartment sales

Registered sales, count

05k10k15k20k1,96720191,83120203,22820216,06120229,759202313,501202416,769Busiest September in the series20258,7782026
September each year, 2019 to 2026 · n = 61,894 salesGreen: September 2026.

Monthly apartment sales, ready and off-plan

Registered sales, count

05k10k15k20kDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Oct 2024 to Sep 2026 · n = 293,336 sales

Median new annual rent by bedrooms

AED a year, new rent contracts

050k100k150k200kDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 20263 bedrooms2 bedrooms1 bedroomStudio
Oct 2024 to Sep 2026 · n = 24,070 new contracts in Sep 2026Not charted: 4 bedrooms and 5+ bedrooms, which have too few contracts in some months.

Freehold Index: top communities

Rated apartment communities by gross rental yield against the Dubai average of 100. 12 months, Oct 2025 to Sep 2026. Index method i1.0, data as of 2026-09-30.

#CommunityScore, Dubai = 100Gross yield, %Rank change on Aug 2026
Dubai1005.98%
1International City Phase 3Rating 155, +55 from the Dubai average of 1009.30%0
2International City Phase 1Rating 155, +55 from the Dubai average of 1009.28%0
3Al Qusais Industrial FifthRating 153, +53 from the Dubai average of 1009.15%0
4Liwan (Wadi Al Safa 2)Rating 147, +47 from the Dubai average of 1008.80%0
5Dubailand Residence ComplexRating 146, +46 from the Dubai average of 1008.76%Up 1
6Downtown Jebel Ali (Jabal Ali Industrial Second)Rating 146, +46 from the Dubai average of 1008.75%Up 2
7Dubai Sports CityRating 144, +44 from the Dubai average of 1008.64%Down 2
8DAMAC Hills 2Rating 143, +43 from the Dubai average of 1008.55%Down 1
9RemraamRating 142, +42 from the Dubai average of 1008.51%Up 1
10Rukan (Wadi Al Safa 7)Rating 142, +42 from the Dubai average of 1008.49%Down 1

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52 rated communities · n = 31,224 sales, 205,310 new rent contracts across Dubai · rank change on Aug 2026

Movers

Areas with the biggest change in median, July to September against a year earlier.

Ready resale price

Change in median, AED per sq ft: Jul to Sep 2026 against Jul to Sep 2025

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Jul to Sep 2026 against Jul to Sep 2025 · n = sales or new rent contracts in each period, shown under each area22 areas had not enough data in one of the periods.

New rent

Change in median, AED per sq ft a year: Jul to Sep 2026 against Jul to Sep 2025

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Jul to Sep 2026 against Jul to Sep 2025 · n = sales or new rent contracts in each period, shown under each area40 areas had not enough data in one of the periods.

Villas and townhouses

Registered villa and townhouse sales and rents, September 2026.

Villa and townhouse sales773+13% on Aug 2026−12% on Sep 2025September 2026 · n = 773
Value of sales, AEDAED 2.99 billionSeptember 2026 · n = 773
Median price, AEDAED 3,315,000−5% on Aug 2026−7% on Sep 2025September 2026 · n = 773
Ready and off-plan284 / 489September 2026 · n = 773
Median annual rent by bedrooms, AED a year · Jul to Sep 2026
BedroomsNew contracts, AEDRenewals, AEDRenewal gap, %
1 to 2 bedrooms135,000n = 643110,000n = 683−18.5%
3 bedrooms150,000n = 3,966152,460n = 4,318+1.6%
4 bedrooms220,000n = 3,191206,800n = 3,011−6.0%
5 bedrooms310,000n = 1,158277,200n = 1,073−10.6%
6+ bedrooms335,000n = 310250,000n = 240−25.4%

Source: Dubai Land Department open data via Data.Dubai, analysed by Freehold Index.

An estimate from registered transactions, for information only. Not a valuation.

Freehold Index is an independent private service. It is not affiliated with, endorsed by or an official index of the Dubai Land Department or any government body.

This rating is for information only, based on registered sales and rent contracts for a group of properties. It is not a valuation for any individual property, and not financial, legal or investment advice. See How the rating works for what it does and does not measure.

Gross yield only: it excludes service charges, vacancy, fees and maintenance. This is a data summary for information only, not financial, legal or investment advice.

Registrations can arrive late, so recent months can be revised slightly in later reports. This report uses registrations to 9 October 2026.

Index method i1.0 · Data as of 30 September 2026 · Report figures computed 12 October 2026

How the Freehold Index is calculated