Dubai's second week of February 2026 delivered a clear capital signal.
Week 2 recorded 4,546 total sales worth AED 18.93 billion, a significant jump from Week 1's aggregate transaction value. The defining shift: ready asset sales surged to AED 10.28 billion, overtaking off-plan value (AED 8.65 billion) for the first time in recent weeks. This indicates capital rotation into completed inventory likely driven by bulk transactions, institutional-grade deals, or end-user conversions accelerating mid-month.
Rental activity held firm at 22,176 contracts worth AED 2.06 billion, with renewal-led stability continuing to anchor the leasing market.
Here's a comprehensive breakdown.
Residential Sales – Broadening Absorption Across Corridors
Week 2 recorded 4,169 residential transactions totaling AED 11.40 billion.
Transaction Split: Off-plan: 2,865 transactions | AED 8.10 billion Ready: 1,304 transactions | AED 3.31 billion
Off-plan continued to lead in volume, but the surge in total ready sales value across the broader market signals growing institutional appetite for completed, income-generating assets. The blended residential average stood at AED 1,940/sqft.
Apartment Market Performance
Apartments remained the primary driver of residential volume.
Off-Plan Apartments: 2,340 units sold Average price: AED 2,136 per sqft
Top-performing communities:
Jumeirah Village Circle (JVC) – 217 transactions | AED 1,491/sqft
Dubailand Residence Complex – 190 transactions | AED 1,471/sqft
Meydan City – 176 transactions | AED 3,635/sqft
Dubai Islands – 132 transactions | AED 2,823/sqft
Al Wasl – 112 transactions | AED 3,387/sqft
JVC strengthened its liquidity leadership with a ~15% week-on-week increase in off-plan absorption. Dubailand Residence Complex emerged as a notable new entrant, indicating expanding demand into affordable corridors that were not prominent in Week 1. Meydan City and Al Wasl sustained premium positioning above AED 3,300/sqft.
Ready Apartments: 1,065 units sold Average price: AED 1,676 per sqft
Top ready apartment communities:
JVC – 109 transactions | AED 1,377/sqft
Al Barari – 95 transactions | AED 1,738/sqft
Dubai Investment Park Second – 54 transactions | AED 890/sqft
Business Bay – 49 transactions | AED 1,763/sqft
Dubai Silicon Oasis – 46 transactions | AED 969/sqft
Al Barari's entry into the top tier in Week 2 reflects growing activity in niche established communities. Ready demand diversified beyond traditional high-density zones, with JVC maintaining consistent resale liquidity across both weeks.
Villa Segment – Consolidation After Peak Momentum
Off-Plan Villas: 491 units sold Average: AED 1,517/sqft
Leading communities:
Damac Island City – 291 transactions | AED 1,278/sqft
The Oasis – 29 transactions | AED 2,046/sqft
Damac Lagoons – 19 transactions | AED 1,199/sqft
The Valley – 17 transactions | AED 1,268/sqft
Dubai Investment Park Second – 15 transactions | AED 1,724/sqft
Damac Island City remained dominant but moderated marginally (~2%) from Week 1's 297 transactions, indicating stabilization after peak absorption. Damac Lagoons entered the top tier, reflecting rotational interest across villa master plans. Volumes remain elevated — the villa off-plan cycle is consolidating rather than declining.
Ready Villas: 184 units sold Average: AED 1,798/sqft
Leading communities:
Damac Hills 2 – 23 transactions | AED 922/sqft
Damac Hills – 13 transactions | AED 1,848/sqft
Dubai Hills Estate – 11 transactions | AED 2,543/sqft
Mudon – 10 transactions | AED 1,689/sqft
Damac Hills 2 moderated ~28% from Week 1's 32 transactions. Dubai Hills Estate entered the top ranks at AED 2,543/sqft — the highest ready villa price point this period — pointing to selective premium absorption replacing volume-led suburban activity.
Residential Rentals – Stability With Mild Volume Softening
Rental activity remained one of the market's strongest structural pillars.
Week 2 recorded 14,610 residential rental transactions totaling AED 1.34 billion.
Lease Breakdown: Renewals: 63% of total leases (9,266 contracts) New leases: 37% (5,344 contracts)
Renewal average: AED 298/sqft/year New lease average: AED 232/sqft/year
Volumes softened approximately 6–7% from Week 1 (down from 15,631), but pricing held firm. The renewal premium over new leases confirms upward rental revisions are embedding into the market, with tenants accepting higher terms rather than absorbing relocation costs.
New Apartment Leases: 4,499 units | AED 191/sqft/year average
Renewed Apartment Leases: 8,359 units | AED 223/sqft/year average
Villa rental renewals (723 contracts) averaged AED 1,219/sqft/year, reflecting continued pricing resilience in family housing segments.
Commercial Sales – Volume Moderates, Pricing Strengthens
Commercial sales recorded:
174 transactions AED 775 million total value
Off-Plan Commercial: 87 transactions | AED 556 million Office average: AED 3,714/sqft Shop average: AED 5,221/sqft
Ready Commercial: 87 transactions | AED 219 million Office average: AED 1,889/sqft Shop average: AED 2,930/sqft
Volume moderated from Week 1's 299 transactions, but off-plan pricing strengthened meaningfully — averaging AED 4,078/sqft versus AED 3,605/sqft the prior week. Business Bay retained leadership in off-plan office sales at AED 4,671/sqft, while Jumeirah Lake Towers anchored ready office liquidity at AED 2,074/sqft.
The off-plan-to-ready pricing spread (AED 4,078/sqft vs AED 2,057/sqft) reflects developer confidence in new Grade A product and a growing bifurcation between premium inventory and ageing secondary stock.
Commercial Rentals – Renewal-Led Leasing Holds
Commercial leasing recorded:
7,505 transactions AED 703 million total value Renewals: 54% of total
Offices: 2,177 new leases | AED 114/sqft/year 1,042 renewals | AED 125/sqft/year
Retail Shops: 504 new leases | AED 283/sqft/year 1,342 renewals | AED 339/sqft/year
Retail renewal dominance signals operational stability across established commercial corridors, consistent with Week 1 trends.
What Week 2 Really Tells Us
Beyond the numbers, five structural themes define the second week:
Capital is rotating into ready assets. Ready sales value (AED 10.28 billion) overtook off-plan for the first time, suggesting institutional and end-user capital is prioritizing completed, income-generating inventory.
Absorption corridors are broadening. Dubailand Residence Complex and Al Barari emerged as significant new entrants, expanding demand beyond established clusters.
JVC's liquidity leadership strengthened. A ~15% week-on-week increase in off-plan absorption confirms its dual role as a primary launch market and a liquid secondary market.
Villa off-plan is consolidating, not declining. Marginal volume moderation in Damac Island City reflects stabilization after peak momentum, while rotational interest flows into Damac Lagoons and The Valley.
Commercial pricing power is accelerating. Off-plan office rates moved higher despite lower transaction volume — a sign of quality-driven demand.
This is not speculative acceleration. It is capital maturation supported by broadening demand and selective pricing strength.
Reliant Surveyors – Market Perspective
At Reliant Surveyors, our advisory and valuation intelligence indicate that Week 2 of February reflects a market transitioning from volume-driven momentum to value-driven capital allocation.
The rotation into ready assets, the broadening of absorption beyond core corridors, and the strengthening of commercial pricing all point to a market operating with increasing selectivity and depth. For valuers, lenders, and institutional investors, this environment demands disaggregated comparable analysis by completion status, community maturity, and asset quality rather than blended market averages.
For detailed feasibility studies, valuation advisory, investment analysis, or community-level insights across Dubai and the Middle East, connect with Reliant Surveyors — delivering data-backed clarity in dynamic property markets.
