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Dubai’s luxury residential market registered off-plan sales worth AED4.96 billion during May 2026 for homes priced above AED5 million, reflecting continued demand for high-value residential assets. According to market analysis by luxury developer Keturah based on DXBinteract data, a total of 391 off-plan apartment and villa transactions were completed during the month. Villas accounted for AED2.51 billion across 184 deals, while apartments contributed AED2.45 billion from 207 transactions. The strongest villa demand was recorded in the AED10-20 million segment, while apartment transactions were concentrated in the AED5-10 million category. The figures indicate that an average of 12 luxury off-plan homes valued above AED5 million were sold daily during the month, highlighting sustained investor activity in Dubai’s premium housing market.
Dubai’s luxury residential market continued to attract significant investment during May 2026, with off-plan sales of homes priced above AED5 million reaching nearly AED5 billion, according to a market assessment released by luxury real estate brand Keturah.
The analysis, based on data from DXBinteract, showed that developers recorded a total of 391 off-plan apartment and villa transactions during the month, generating combined sales of AED4.96 billion. The figures underscore continued demand for premium residential properties amid sustained investor interest in Dubai’s high-end housing sector.
Villa transactions accounted for the larger share of sales value, generating AED2.51 billion through 184 deals. Apartment sales contributed AED2.45 billion from 207 transactions, reflecting relatively balanced demand across both housing categories.
Within the villa segment, the strongest activity was recorded in the AED10-20 million price range. A total of 60 transactions in this category generated AED834.2 million in sales. The higher-value AED20-50 million segment also recorded substantial activity, with 23 transactions contributing AED746.3 million.
Apartment demand was concentrated primarily in the AED5-10 million category, which accounted for 158 of the 207 apartment transactions completed during the month. The data suggests that while buyers continue to pursue ultra-luxury properties, a significant proportion of demand remains focused on the lower end of the luxury residential spectrum.
Based on the total transaction volume, the market recorded an average of approximately 12 off-plan residential sales above AED5 million every day during May. The average transaction value across all apartment and villa sales stood at approximately AED12.7 million per property.
Talal M. Al Gaddah, Chief Executive Officer and Founder of Keturah, stated that the transaction volumes reflected Dubai’s growing prominence among major global real estate destinations. He noted that the level of activity demonstrated sustained investor confidence in the emirate’s residential property market despite evolving global economic conditions.
According to Al Gaddah, demand for luxury housing is increasingly being influenced by factors beyond location and asset appreciation. He indicated that international investors are placing greater emphasis on wellness-focused developments, environmental quality, privacy, liveability and long-term residency prospects when evaluating residential investments.
Keturah is currently developing two residential projects within Dubai’s luxury housing segment. These include Keturah Reserve, an AED5.7 billion bio-living community located in Mohammed Bin Rashid City’s District 7, and The Ritz-Carlton Residences at Keturah Resort, a waterfront wellness-focused development situated along Dubai Creek adjacent to the Ras Al Khor Wildlife Sanctuary.
Al Gaddah stated that buyer expectations have evolved considerably, with purchasers increasingly evaluating how developments support long-term lifestyle requirements, construction quality, surrounding infrastructure and future value retention. He added that Dubai’s regulatory framework, infrastructure network and long-term urban planning continue to support its attractiveness as a destination for domestic and international real estate investment.
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