Dubai’s ultra-prime residential property market continued to show strong resilience during the first half of 2026, despite regional geopolitical tensions. According to Engel & Völkers research, Dubai recorded 320 residential property sales worth more than $10 million each, representing a 23% increase compared with the same period last year. The transactions generated a combined value of around $6 billion, highlighting continued confidence among high-net-worth investors.

The ultra-prime segment accounted for 9.7% of Dubai’s total residential sales value during the first six months of the year. While uncertainty caused some buyers to delay investment decisions, activity began to recover by June as market sentiment improved. Overall, Dubai recorded 80,509 residential transactions worth Dh226.5 billion during H1 2026.

Demand remained particularly strong for waterfront homes, private residences and lifestyle-focused communities. Locations including Jumeirah, Jumeirah Asora Bay and the Dubai Water Canal continued to attract wealthy buyers, while emerging luxury communities also gained attention as investors looked for new opportunities.

Dubai’s commercial property market also delivered record results, with sales reaching Dh62.2 billion across 6,470 transactions. Office and retail transactions increased significantly, while off-plan commercial sales rose sharply as investors targeted new Grade A offices, retail spaces and mixed-use developments.

The latest figures underline Dubai’s continued appeal to international investors. Population growth, global capital inflows, economic diversification and ongoing infrastructure investment are expected to support the emirate’s real estate market, even as geopolitical risks remain.