Dubai landlords hold steady as market shows resilience, reveals survey
The findings point to a market absorbing external shocks rather than reacting abruptly, although activity varies across segments
24 March, 2026
TT
16
Dubai’s residential property market has remained stable in the weeks following the regional escalation that began in late February, with most landlords choosing not to sell and no signs of panic-driven listings, according to a new report by Smart Bricks.
Listing data showed the number of unique residential properties on major portals rose gradually from 105,300 on February 20 to 110,800 by March 16, an increase of just over 5 per cent, with no sharp spike immediately after the escalation on February 28, the report said.
In property markets, sudden increases in listings are typically seen as an early indicator of distressed selling. The absence of such a pattern suggests landlords are largely holding their positions despite heightened geopolitical uncertainty.
Read: How long can the Dubai real estate market hold?
A survey conducted by Smart Bricks of more than 600 Dubai-based landlords found that around 85 per cent are not currently considering selling their properties under present conditions.
About 10 per cent said they would reassess if conditions worsen, while only a small minority indicated a willingness to sell below pre-escalation expectations.
The findings point to a market absorbing external shocks rather than reacting abruptly, although activity varies across segments.
Residential transactions in Dubai
Between February 28 and March 16, the emirate recorded 6,048 residential transactions valued at Dhs20.2bn ($5.5bn), according to the report.
Around 63 per cent of transactions were in the off-plan segment, while activity in the ready market remained more selective, focused on rent-ready apartments and end-user purchases rather than speculative trades.
“What we are seeing is not a market in retreat, but one that is becoming more selective,” said Mohamed Mohamed, CEO at Smart Bricks. “Liquidity is still present, but it is flowing toward assets with stronger fundamentals.”
The report said geopolitical disruptions in the emirate’s property market tend to show first through slower transaction activity, longer selling timelines and shifts in tenant demand, rather than immediate price declines.
It outlined three potential scenarios for the market, rapid stabilisation, prolonged uncertainty and further escalation, noting that landlord outcomes would increasingly depend on asset-specific factors such as tenant profile, nearby supply, lease renewal timing and exposure to vacancy risk.
Smart Bricks said its platform tracks more than 1,000 data signals per property to help landlords assess liquidity, income stability and refinancing risk at a micro-market level.
The report provides a framework for landlords navigating uncertain conditions.
Earlier this year, Smart Bricks raised $5m in a pre-seed funding round led by Andreessen Horowitz, with participation from investors across the US, Europe and the Middle East.
The company is also part of Cohort 9 of the Mohammed Bin Rashid Innovation Fund Accelerator Programme.
Sample study details: The findings are based on listing data tracked across major UAE property portals between February 20 and March 16, 2026, and a survey of more than 600 Dubai-based landlords conducted by Smart Bricks during the same period.




















