As of October 2026, the median registered Dubai property transaction (all property types) over the previous 12 months was AED 1 442 945 (≈ 393 000 $) ≈ 352 000 € ≈ 293 000 £. A median studio sold for AED 693 999 (≈ 189 000 $) ≈ 169 000 € ≈ 141 000 £, while a median one-bedroom apartment sold for AED 1 256 724 (≈ 342 000 $) ≈ 306 000 € ≈ 255 000 £. These are registered transaction medians, not asking prices, and the market is in a correction: the citywide median price is down 7.1% year on year and the number of transactions is down 12.7%, while the median price per sq ft is up 4.8%.
Dubai apartment prices in dollars, euros and pounds
All figures on this page are current through 23 October 2026 and cover the 12 months from October 2025 to September 2026. The currency widget converts each AED amount using the daily UAE Central Bank peg of AED 3.6725 per US dollar and ECB rates for euros and pounds. Payment for a Dubai property is normally made in AED. The exchange rate actually applied to a purchase depends on the bank and the day of the transaction, so the displayed dollar, euro and pound figure is useful for budgeting, not a rate that can be fixed in advance.
For a buyer budgeting in US dollars, euros or pounds, the citywide median is a starting point rather than a target price. The middle 50% of Dubai transactions fell between AED 867 000 (≈ 236 000 $) ≈ 211 000 € ≈ 176 000 £ and AED 2 690 000 (≈ 732 000 $) ≈ 656 000 € ≈ 547 000 £. Size, building, readiness, view, payment-plan status and the share of off-plan stock can all move a particular apartment well away from the area median.
| Apartment type | Transactions, 12 months | Median transaction price | Median AED per sq ft |
|---|---|---|---|
| Studio | 43,632 | AED 693 999 (≈ 189 000 $) ≈ 169 000 € ≈ 141 000 £ | AED 1 748 (≈ 480 $) ≈ 430 € ≈ 360 £ per sq ft |
| 1BR | 60,564 | AED 1 256 724 (≈ 342 000 $) ≈ 306 000 € ≈ 255 000 £ | AED 1 642 (≈ 450 $) ≈ 400 € ≈ 330 £ per sq ft |
| 2BR | 33,796 | AED 2 207 000 (≈ 601 000 $) ≈ 538 000 € ≈ 449 000 £ | AED 1 760 (≈ 480 $) ≈ 430 € ≈ 360 £ per sq ft |
| 3BR | 12,382 | AED 3 485 888 (≈ 949 000 $) ≈ 850 000 € ≈ 708 000 £ | AED 1 898 (≈ 520 $) ≈ 460 € ≈ 390 £ per sq ft |
Apartments accounted for 143,473 registered sales, with a median price of AED 1 250 000 (≈ 340 000 $) ≈ 305 000 € ≈ 254 000 £. Off-plan transactions made up 75.1% of apartment sales. That matters because an off-plan transaction price follows the developer’s payment plan and is not directly comparable with a ready resale apartment paid for in one transaction.
PDF shortlist · updated 27 October 2026
New Dubai projects of October 2026
30 projects · prices from DLD and developers
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Rise By Athlon 1 Wadi Al Safa 5 · 1–3 BR
from AED 1,412,000
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Zuha Island Villas World Islands
from AED 68,000,000
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Weybridge Gardens Phase 5 by Leos Developments Dubailand Oasis
from AED 756,782
27 more in the PDF: prices, handover dates, payment plans
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The market correction: what the numbers actually show
There were 181,510 registered Dubai property transactions in the last 12 months, down 12.7% year on year. Their total value was AED 467 200 000 000 (≈ 127.22 bn $) ≈ 113.87 bn € ≈ 94.94 bn £. The citywide median transaction price was down 7.1% year on year. In September 2026 alone, 11,479 transactions were registered, down 43.5% from September 2025.
There is no single direction for every district. Median AED per sq ft declined over the year in Dubai Marina by 8.4%, JLT by 12.3%, Silicon Oasis by 11.2% and Dubai Harbour by 7.5%. Other districts recorded increases, sometimes because the mix of apartments sold changed. Meydan Racecourse, for example, showed a 118.6% increase in AED per sq ft, but the transaction mix makes that comparison distorted.
Gross yields also differ widely between areas. A buyer should not treat an advertised rent or a gross-yield percentage as a promised result. Service charges, vacancy, furnishing, management and the specific apartment change the outcome. For a purchase decision, compare recent registered sale prices for the same building or a close substitute, then consider the annual service charges separately.
Transaction medians by area (all property types)
The table below is designed for someone deciding whether a budget in dollars, euros or pounds is realistic before viewing apartments. It shows median prices for all registered transactions in each area, not the median price of a particular bedroom count. For a more detailed breakdown by studios, 1BR and 2BR apartments, use the area pages with DLD prices and transactions. Location should follow daily needs, building type and budget; this guide on how to choose an area in Dubai explains the comparison process.
| Area | Median transaction price | Median AED per sq ft | Transactions, 12 months | Off-plan share |
|---|---|---|---|---|
| Dubai Marina | AED 2 020 000 (≈ 550 000 $) ≈ 492 000 € ≈ 411 000 £ | AED 1 980 (≈ 540 $) ≈ 480 € ≈ 400 £ | 2,398 | 8.3% |
| Downtown Dubai | AED 2 900 000 (≈ 790 000 $) ≈ 707 000 € ≈ 589 000 £ | AED 3 029 (≈ 820 $) ≈ 740 € ≈ 620 £ | 2,907 | 35.7% |
| Business Bay | AED 2 000 000 (≈ 545 000 $) ≈ 487 000 € ≈ 406 000 £ | AED 2 367 (≈ 640 $) ≈ 580 € ≈ 480 £ | 7,134 | 51.9% |
| JVC | AED 1 050 000 (≈ 286 000 $) ≈ 256 000 € ≈ 213 000 £ | AED 1 492 (≈ 410 $) ≈ 360 € ≈ 300 £ | 12,555 | 61.3% |
| JVT | AED 1 160 000 (≈ 316 000 $) ≈ 283 000 € ≈ 236 000 £ | AED 1 670 (≈ 450 $) ≈ 410 € ≈ 340 £ | 4,585 | 85.0% |
| Dubai Hills Estate | AED 2 162 000 (≈ 589 000 $) ≈ 527 000 € ≈ 439 000 £ | AED 2 400 (≈ 650 $) ≈ 580 € ≈ 490 £ | 2,411 | 59.4% |
| Dubai Creek Harbour | AED 2 624 000 (≈ 714 000 $) ≈ 640 000 € ≈ 533 000 £ | AED 2 564 (≈ 700 $) ≈ 620 € ≈ 520 £ | 4,005 | 67.3% |
| Palm Jumeirah | AED 4 700 000 (≈ 1.3 M $) ≈ 1.1 M € ≈ 955 000 £ | AED 2 597 (≈ 710 $) ≈ 630 € ≈ 530 £ | 1,323 | 31.4% |
| JLT | AED 1 813 000 (≈ 494 000 $) ≈ 442 000 € ≈ 368 000 £ | AED 1 707 (≈ 460 $) ≈ 420 € ≈ 350 £ | 849 | 23.0% |
| Dubai South Residential | AED 1 198 000 (≈ 326 000 $) ≈ 292 000 € ≈ 243 000 £ | AED 1 360 (≈ 370 $) ≈ 330 € ≈ 280 £ | 3,277 | 69.0% |
| Arjan | AED 930 000 (≈ 253 000 $) ≈ 227 000 € ≈ 189 000 £ | AED 1 561 (≈ 430 $) ≈ 380 € ≈ 320 £ | 3,961 | 63.7% |
| International City Phase 1 | AED 484 000 (≈ 132 000 $) ≈ 118 000 € ≈ 98 400 £ | AED 682 (≈ 190 $) ≈ 170 € ≈ 140 £ | 1,843 | 21.6% |
| Discovery Gardens | AED 760 000 (≈ 207 000 $) ≈ 185 000 € ≈ 154 000 £ | AED 999 (≈ 270 $) ≈ 240 € ≈ 200 £ | 1,205 | 15.9% |
| Al Furjan | AED 1 410 000 (≈ 384 000 $) ≈ 344 000 € ≈ 287 000 £ | AED 1 400 (≈ 380 $) ≈ 340 € ≈ 280 £ | 2,635 | 49.4% |
| Dubai Sports City | AED 955 000 (≈ 260 000 $) ≈ 233 000 € ≈ 194 000 £ | AED 1 309 (≈ 360 $) ≈ 320 € ≈ 270 £ | 3,394 | 62.3% |
What can you buy at different budgets?
The figures below use the median transaction price by apartment type in each area. They do not mean that every apartment at that budget is available now. A median is the middle of recorded sales; an individual unit may cost less or more. The budget also excludes registration and transaction costs.
| Property-price budget | Studio examples at or below the budget | 1BR examples at or below the budget | 2BR examples at or below the budget |
|---|---|---|---|
| AED 500 000 (≈ 136 000 $) ≈ 122 000 € ≈ 102 000 £ | International City Phase 1 | International City Phase 1 | No median example |
| AED 800 000 (≈ 218 000 $) ≈ 195 000 € ≈ 163 000 £ | Discovery Gardens, Dubai South, JVC, Arjan, JVT | Discovery Gardens | International City Phase 1 |
| AED 1 200 000 (≈ 327 000 $) ≈ 292 000 € ≈ 244 000 £ | Motor City, JLT, Dubai Hills Estate, Business Bay, Dubai Marina | Dubai South, Sports City, Town Square, Al Furjan, JVC, Arjan | DAMAC Hills 2 |
| AED 2 000 000 (≈ 545 000 $) ≈ 487 000 € ≈ 406 000 £ | Palm Jumeirah, Downtown Dubai, Dubai Maritime City | Dubai Marina, Dubai Hills Estate, JBR, Business Bay, Creek Harbour | JVC, Arjan, Al Furjan, JVT, Motor City |
| AED 3 500 000 (≈ 953 000 $) ≈ 853 000 € ≈ 711 000 £ | All listed areas | Downtown Dubai, Dubai Maritime City, Palm Jumeirah | Dubai Marina, Dubai Hills Estate, Business Bay, Dubai Creek Harbour |
The lowest studio median in this comparison is International City Phase 1 at AED 345 000 (≈ 93 900 $) ≈ 84 100 € ≈ 70 100 £. The JVC studio median is AED 710 000 (≈ 193 000 $) ≈ 173 000 € ≈ 144 000 £. If that is the target, reserve funds above the property price rather than treating the displayed converted amount as the complete cash requirement.
The full purchase budget beyond the apartment price
A purchase budget needs more than the agreed price. The DLD registration fee is 4% of the property price. The trustee fee is usually about AED 4 000 (≈ 1 090 $) ≈ 970 € ≈ 810 £ plus VAT. For a secondary-market purchase, agency commission is commonly around 2% plus VAT; it is market practice, not a statutory rate. Annual service charges should also be checked for the specific building because they are an ongoing ownership cost and are not included in transaction medians.
For a JVC studio at the median of AED 710 000 (≈ 193 000 $) ≈ 173 000 € ≈ 144 000 £, calculate the 4% DLD fee and, if it is a resale, the 2% agency commission separately, then add the trustee charge and VAT. The Dubai purchase costs calculator is the practical place to build that estimate. A fuller explanation of the price and budget structure is available in how much an apartment costs and the full purchase budget.
For ready apartments, the broker can help compare transaction evidence, arrange viewings, prepare transaction documents and accompany the purchase process. Client money is not accepted by the broker: payment goes only to the developer’s escrow account or through a trustee office. Tax treatment, ownership structure and legal consequences depend on the buyer’s circumstances; obtain advice from a qualified tax adviser or lawyer where it is required.
Ready property, off-plan property and financing
Off-plan represented 68.1% of all Dubai transactions in the period. In Dubai World Central, 95.6% of recorded sales were off-plan; in Dubai Maritime City the share was 98.8%; in Dubai Marina it was 8.3%. A district median can therefore reflect different transaction types. Ask whether a quoted comparable is a ready property or an off-plan sale before using it to judge an asking price.
For an off-plan purchase, buyers will commonly encounter the term oqood. Oqood is the registration of an off-plan sale contract. The applicable procedure, documents and payment schedule depend on the particular development and transaction. A broker can explain the process and help assemble documents, but cannot provide a legal opinion on the contract.
If you are considering mortgage finance, do not assume a payment before a bank has reviewed the application and terms. The mortgage calculator can model payments from the inputs you choose, but it is not a lending decision and the broker does not issue loans or open bank accounts. The payment procedure depends on the bank and the type of transaction and is set by the contract and the bank; our guide on how to transfer money from Russia to buy property in the UAE gives background.
Once the budget, area and readiness preference are clear, the ready apartments catalogue is a useful next step for reviewing individual properties against the transaction medians above.
See also: what $1M to $100M buys in Dubai by DLD data.
Frequently asked questions
Which exchange rate should I use: the displayed rate or my bank’s rate?
Use the displayed dollar, euro or pound amount for an initial budget. The actual property payment is in AED, and the effective rate depends on the bank and transaction day.
How do registered transaction prices differ from listing prices?
Listings are seller or agent asking prices. A transaction median records completed registered deals, which may involve negotiation, a different payment structure, a different unit condition or a different completion status.
How much should I reserve above the apartment price?
Add 4% DLD registration, the trustee fee of about AED 4 000 (≈ 1 090 $) ≈ 970 € ≈ 810 £ plus VAT, and 2% agency commission for a resale. Check annual service charges for the chosen building.
Which compared area has the lowest median studio price?
International City Phase 1 has a studio median of AED 345 000 (≈ 93 900 $) ≈ 84 100 € ≈ 70 100 £. This is a transaction median, not a guarantee that an available studio will be priced at that level.
Can I pay for a Dubai apartment in rubles?
No. Property payment in Dubai is made in AED through the applicable bank, developer escrow account or trustee-office procedure. The displayed foreign-currency amounts are budget conversions only.
Do apartment prices change?
Yes. Over the last 12 months, the citywide median transaction price fell 7.1%, while AED-per-sq-ft changes differed by area. Do not rely on a previous listing or a citywide figure as the price of a specific apartment today.
Discuss a purchase in Dubai
If you are considering a purchase, arrange a free consultation to go through the property, the transaction steps and the documents.
PDF shortlist · updated 27 October 2026
New Dubai projects of October 2026
30 projects · prices from DLD and developers
30 more in the PDF: prices, handover dates, payment plans
The PDF opens instantly. Refreshed monthly from DLD data.