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Dubai's real estate market continued its strong momentum in February 2026, with primary developer sales dominating overall transactions and cash buyers accounting for more than two-thirds of secondary market deals. According to a report by f&m Properties, the primary market recorded 11,351 transactions valued at AED 42.1B, significantly higher than 5,628 resale deals worth AED 18.6B. Overall property sales rose 18.4% year-on-year to AED 60.8B across 16,979 transactions. During the first two months of 2026, total property sales reached AED 133.3B from 34,452 deals, reflecting continued market expansion following the record-breaking performance witnessed in 2025.
Dubai's real estate market sustained strong growth momentum in February 2026, supported by robust primary market activity and a high proportion of cash transactions in the resale segment, according to a report released by fm Properties. Advertisement
Data from the consultancy showed that the primary market remained the dominant segment, accounting for 11,351 sales transactions worth AED 42.1B during the month. In comparison, the secondary market recorded 5,628 resale transactions valued at AED 18.6B.
Cash buyers played a significant role in the secondary market, representing just over 69% of resale transactions. The report noted that the market's performance during the early months of the year has exceeded activity levels recorded during the same period in 2025, which ultimately became a record year for property sales in both value and volume.
According to data from DXBinteract, overall property sales in February increased 18.4% year-on-year in value to AED 60.8B across 16,979 transactions, reflecting a 5.1% rise in deal volumes compared with the same period a year earlier.
For the first two months of 2026, Dubai recorded property sales worth AED 133.3B across 34,452 transactions, marking a 38.8% increase in value and a 13.32% rise in transaction volume compared with the same period in 2025.
Firas Al Msaddi, CEO of fm Properties, stated that the early performance of the market reflects Dubai's growing position among global real estate destinations. He added that the market's growth has been supported by stable economic conditions, strong governance frameworks and investor confidence in the UAE's business environment.
The commercial property segment registered particularly strong growth during February. Office and retail property sales totalled 804 transactions worth AED 4.1B, representing an 81.5% increase in transaction volume on a year-on-year basis.
Apartment sales also recorded growth, with 12,916 units sold during the month, representing a 13.4% increase in volume and a total transaction value of AED 26.6B.
Land transactions also increased, with plot sales rising 25.3% year-on-year to 446 deals worth AED 11.2B. In contrast, villa sales declined 29.3% in volume to 2,802 transactions, although they still generated AED 18.8B in total sales value.
The average property price per square foot rose 12.2% year-on-year to AED 1,740, reflecting continued demand across the residential market.
Among locations, Jumeirah Village Circle recorded the highest number of transactions during February with 1,146 deals worth AED 1.5B. Dubai South followed with 993 transactions valued at AED 1.8B, while Al Yelayiss 1 recorded 936 deals amounting to AED 5.5B. Wadi Al Safa 5 and Wadi Al Safa 3 also featured among the top-performing areas.
The most expensive villa transaction during the month was a luxury property at La Mer, which sold for AED 350M. The highest-priced apartment sale was recorded at The Alba Residences on Palm Jumeirah, where a unit was sold for AED 226M.
In terms of price segments, properties valued between AED 1M and AED 2M accounted for the largest share of transactions at 32.41%. Homes priced below AED 1M represented 24.1% of sales, while properties priced between AED 2M and AED 3M accounted for 18.14%. Sales between AED 3M and AED 5M comprised 12.67%, while properties valued above AED 5M represented 12.68% of total transactions.
Market data also highlighted strong performance in specific projects within the primary market. Developments such as Maybach 6 Towers, Sierra by Iman and Binghatti Vintage ranked among the top-selling apartment projects, while Damac Islands phases and The Heights projects recorded significant villa sales.
Resale activity was led by apartment projects including Ashjar and The Neighbourhood C1, while villa resales were concentrated in communities such as Rukan 3, Damac Lagoons Portofino and Aura.
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