Dubai’s $10m-plus home sales reach $6.67bn in 9 months despite Q3 slowdown
Knight Frank recorded 86 deals worth $1.57bn in the third quarter, with Palm Jumeirah leading activity as regional uncertainty weighed on the market.
22 October, 2026
TT
16
Dubai recorded 86 residential sales worth at least $10m each in the third quarter of 2026, taking the value of transactions in that bracket to approximately $6.67bn over the first nine months, according to property consultancy Knight Frank.
Sales during July–September totalled Dhs5.77bn ($1.57bn), including 13 transactions exceeding $25m. Quarterly volumes fell 34 per cent from 131 deals in the second quarter and were below the 103 recorded a year earlier.
Despite the quarterly slowdown, the number of $10m-plus transactions reached 412 between January and September, compared with 357 during the corresponding period of 2025.
Villas accounted for 55 of the quarter’s 86 transactions, representing approximately 64 per cent of sales.
Prices across Dubai’s 10 prime neighbourhoods fell 5 per cent between the second and third quarters, their first decline since 2020, according to Faisal Durrani, partner and head of research for the Middle East and North Africa at Knight Frank.
Transaction volumes across those prime neighbourhoods were 29.4 per cent lower than a year earlier, a separate measure from the $10m-plus segment.
Palm Jumeirah leads luxury activity
Palm Jumeirah recorded 27 sales worth Dhs2.01bn ($546.7m), accounting for approximately 31 per cent of $10m-plus transactions and 35 per cent of their value during the quarter. It also registered the quarter’s largest transaction, at Dhs260m.
Louis Harding, partner and head of UAE residential at Knight Frank, said Palm Jumeirah prices had eased 9.1 per cent over the preceding 12 months to Dhs4,083 per square foot.
Buyer interest continued to come largely from people seeking permanent or holiday homes rather than short-term resale opportunities, he said, while overall sales volumes on the island had fallen 37 per cent compared with the previous summer.
Harding added that lower third-quarter luxury sales compared with the second quarter were consistent with the historically quieter summer period.
Jumeirah Second ranked second by transaction count, with 10 sales totalling Dhs594.9m ($162m), followed by Emirates Hills, where seven homes sold for Dhs542.5m ($147.7m).
Dubai Hills Estate and Jumeirah Golf Estates each recorded six transactions, worth Dhs574.9m ($156.6m) and Dhs330.1m ($89.9m), respectively.
Biggest deals account for nearly a third of value
Of the quarter’s 86 transactions, 73 were in the $10m–$25m bracket, with a combined value of Dhs3.93bn ($1.07bn).
The remaining 13 deals exceeded $25m and generated Dhs1.84bn ($499.7m). They represented approximately 15 per cent of transactions by number but nearly 32 per cent of total value.
Palm Jumeirah accounted for five of those 13 deals, while Dubai Hills Estate and Emirates Hills recorded two each.
July was the busiest month by transaction count, with 36 sales worth Dhs2.04bn ($555.5m). August recorded 32 transactions totalling Dhs2.08bn ($566m), the quarter’s highest monthly value. September registered 18 deals worth Dhs1.65bn ($449m).
Although monthly transaction numbers declined, the value of deals exceeding $25m increased from Dhs376.1m in July to Dhs609.8m in August and Dhs849.5m in September.
Those transactions accounted for approximately 52 per cent of September’s total $10m-plus sales value.






















