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Dubai’s residential property market continues to record strong transaction activity, but buyers are becoming more deliberate in evaluating developments, according to Satish Sanpal, founder and chairperson of ANAX Holding. The shift follows a period of rapid market growth, with Dubai recording more than AED 917 billion in real estate transactions during 2025, its highest annual total, while first-quarter 2026 transaction value reached AED 252 billion, a 31% year-on-year increase. Sanpal said buyers were taking longer to commit and paying greater attention to pricing, construction quality and developer credibility. The changing buyer approach is also increasing the importance of fundamentals such as location, layouts, amenities and long-term property appeal. ANAX’s portfolio includes V-Suites in Business Bay, Evora Residences in Al Furjan and ELLE Residences on Dubai Islands.
Dubai’s real estate market is continuing to expand, although buyers are becoming more selective in evaluating properties, with greater attention being paid to pricing, quality and developer track records, according to Satish Sanpal, founder and chairperson of ANAX Holding. He said the market was moving from a period of rapid growth towards a more mature and stable phase.
Dubai recorded more than AED 917 billion in real estate transactions during 2025, the highest annual transaction value recorded in the market. Activity remained strong in the first quarter of 2026, when transaction value reached AED 252 billion, representing a 31% increase from the corresponding period a year earlier.
The transaction figures indicate continued activity rather than a withdrawal of buyers. However, Sanpal said investors were taking longer to make purchasing decisions and were comparing developments more closely before committing capital.
According to his comments, buyers are examining factors including property pricing, product quality and the credibility of developers. This places greater emphasis on the underlying characteristics of individual projects, including location, layouts, build quality, amenities and the long-term appeal of properties.
For developers, the shift means that market-wide momentum is less likely to be the sole consideration for buyers. As the number of developments available across Dubai increases, projects need to establish a clearer proposition for prospective purchasers through their location, design, quality and delivery.
ANAX Developments has projects across different parts of Dubai and residential segments. Its portfolio includes V-Suites in Business Bay, which is focused on furnished urban living, Evora Residences in Al Furjan, which has a residential and lifestyle-oriented positioning, and ELLE Residences on Dubai Islands, extending the company’s portfolio into branded waterfront property.
The changing market environment is also taking place alongside the wider institutional development of Dubai’s real estate sector. The Dubai Land Department has described the market as moving towards greater institutional maturity, with increased emphasis on transparency, valuation, regulation and professional services.
For developers, this places greater importance on execution and delivery records. Project completion, the quality of finished properties and adherence to commitments can influence how buyers assess developers alongside launch activity and project marketing.
Dubai’s investment market has continued to attract substantial capital. Real estate investment reached AED 173 billion during the first quarter of 2026, while the number of investors also increased. Foreign investment remained an important component of market activity.
The changing nature of buyer decisions therefore reflects a shift in how capital is being deployed rather than a clear reduction in market participation. Greater scrutiny of projects could place increased emphasis on pricing, product differentiation, development quality and developer performance as Dubai’s property market enters a more mature phase.
Source - PTI
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