Dubai’s residential property market maintained its strong momentum in the first quarter of 2026, with transaction values reaching AED140.8 billion ($38.34 billion) despite regional geopolitical uncertainty and the seasonal slowdown associated with Ramadan, according to a new report by Morgan’s International Realty.

The report said a total of 44,680 residential transactions were recorded during the January-March period, underlining the resilience of the emirate’s real estate sector and continued investor confidence in Dubai’s long-term growth story.

Luxury and ultra-prime segments delivered particularly strong gains.

Sales of trophy homes priced above AED100 million surged 121% year-on-year, while transactions for prime residential properties valued at more than AED10 million rose 54% compared to the same period last year.

The report also highlighted the continued dominance of off-plan developments, with the primary market accounting for 67% of all residential transactions during the quarter.

Morgan’s International Realty said the figures demonstrate sustained appetite from both local and international buyers, supported by Dubai’s investor-friendly policies, robust economic fundamentals and growing appeal as a global destination for wealth and lifestyle investment.

The Q1 performance reinforces Dubai’s position as one of the world’s most dynamic and resilient residential property markets, with demand remaining strong across both mainstream and high-end segments. - TradeArabia News Service