What are Dubai's property transaction volumes like in 2026?

Activity remains historically high but is normalising. Q1 2026 saw nearly 48,000 residential deals worth about AED 176.7 billion, up roughly 23% in value year-on-year. January alone set a record AED 72.4 billion month, led by a 90% jump in primary/off-plan sales. Volumes are up modestly year-on-year but eased quarter-on-quarter from 2025's record pace.