Property prices in Dubai jump 2.5% in November as consumer confidence rises – Report
The Dubai real estate market is strong in November, with sales and rental activity showing continued confidence as Dubai heads into 2026, according to the latest data from Betterhomes.
Property prices averaged 2.5 per month at AED1,950 per square foot, conveying the upward trend seen throughout the fourth quarter.
Off-Plan Deals Drive Market Growth
Dubai recorded 17,812 transactions worth AED46 billion during the month, showing a slight dip of only 2.9 percent in volume. Off-Plan projects remain prominent, accounting for 12,429 deals and maintaining 70 percent of the total market share, while the secondary market accounted for 5,383 sales.
Engineering work was led by EMAR in all Off-Plan and title deeds transactions. Betterhomes reported a 3 percent increase in buyer demand, continuing to focus on apartment communities (JVC), and jumulairah Village triangle, jvt), urban jubai including Jumeirah Golf
“In November he showed strength without noise,” said Louis Harding, CEO at Betterthomes. “With prices up by 2.5 percent, AED46 billion sold and consumer income growing by 3 percent, the sales market is moving with confidence in real demand and well-placed projects.”
Dubai Rentals Show the strength of the market
Leasing activity also showed firmness. Dubai registered a rental transaction in November, a renewal that strengthened 59 percent of all contracts as many tenants chose to enter the area for the year. New lease agreements totaled 18,873. Betatomes said the inquiry levels follow a typical seasonal pattern for residents who have delayed relocation decisions until early 2026.
Taxes continued to shift unevenly across the country. Dubai festival City Villas saw a 4.5 percent increase, while Dubai Hills estate recorded an increase of 2 percent, supported by legitimate family demand. Payment flexibility has always been a feature of the market, with four accounting leases accounting for 34 percent of contracts and one-check payments for 27 percent.
The demand for mixed-use rentals in prime areas such as JVC, Business Bay and Dubai Silicon Oasis, as well as Villa communities including Dubai Hills Estate, Damac Hills 2 and The Valley.
“The rental market moved with clarity and consistency in November,” said Rupert Simmonds, director of leasing at Betterthomes. “With renewals making up nearly 60 percent of all work and strong interest in our core communities, employers are prioritizing support areas every day as we enter the New Year.”
BetterHomes expects strong sales and leasing performance to provide a stable platform for 2026, supported by continued population growth, market penetration and active engagement from Dubai’s most sought-after districts and tenants from Dubai’s most sought-after districts.
