Dubai property boom over? August 2026 data shows prices cooling

Dubai house prices have fallen since 2021, with the average price per square foot falling by 1.7% in Aug 2026 Despite this, residential sales values remained robust, reaching AED23.4bn in August Off-plan properties constituted over 75% of these sales, indicating continued developer activity For the first time since 2021, Dubai house prices have fallen year-on-year, according to a market study. The average price in August 2026 stood at AED 1,636 per square foot in August 2026, down 1.7 per cent compared with August last year. This is 1.3 per cent over the previous three months, according to data from real…