Dubai Real Estate Developer Achieves $23.6 Billion in Sales, with Emaar Leading in Luxury and Azizi Excelling in Affordable Housing.
Dubai’s residential real estate sector demonstrates robust performance across both high-end and budget-friendly housing options, evidenced by leading developers recording an impressive 36,808 property sales totaling AED86.8 billion ($23.6 billion) so far this year.
Market Dynamics and Leading Developers
Recent insights from fäm Properties, utilizing DXBinteract data as of July 22, highlight that Emaar has emerged as the frontrunner in terms of sales value and luxury property transactions. In contrast, Azizi has excelled in overall residential sales, particularly in the affordable sector. This diverse activity across different price ranges indicates sustained demand, signifying a well-balanced market rather than one skewed towards a specific segment.
Emaar achieved the highest sales figures with AED30.6 billion ($8.3 billion), marking an 83.2% increase compared to second-place DAMAC, which recorded AED16.7 billion ($4.5 billion). Azizi’s impressive transaction volume includes 8,411 residential sales valued at AED7.5 billion ($2 billion), surpassing DAMAC’s 6,387 sales and Emaar’s 5,550 sales. This data suggests that both luxury and affordable housing are thriving, marking a significant indicator of market vitality.
Luxury Housing Highlights
The luxury housing segment has remained highly active in 2026, with Emaar leading sales for properties priced at AED15 million and above. The developer successfully completed 387 transactions valued at AED8.4 billion ($2.3 billion). Following closely was Omniyat with 212 transactions worth AED6.5 billion ($1.8 billion), and H&H with 178 transactions totaling AED6.9 billion ($1.9 billion). Collectively, developers achieved 1,248 luxury sales, aggregating a total of AED35.16 billion ($9.6 billion). This robust performance underscores the resilience of the upper-tier market, attracting discerning buyers seeking high-value investments.
Affordable Housing Takes the Lead
On the opposite side of the spectrum, affordable housing properties continue to dominate transaction volumes. Azizi led the charge in sales for homes priced under AED2 million, completing 8,095 transactions valued at AED6.6 billion ($1.8 billion). Binghatti followed with 4,268 sales worth AED4.5 billion ($1.2 billion) and DAMAC with 2,247 transactions equating to AED2.5 billion ($681 million). Overall, the affordable housing market accounted for 22,930 sales with a cumulative value of AED23.82 billion ($6.5 billion), showing a significant demand from buyers looking for more economical options.
Beyond transaction figures, Emaar also led in project completions for the year, delivering nine projects with 3,819 residential units. Moreover, Emaar boasts the largest construction pipeline, featuring 150 active developments. DAMAC trailed with seven completed projects, delivering 2,591 units and maintaining 113 under-construction developments. Meanwhile, Reportage made waves by launching 16 projects, surpassing its rivals, including Emaar, which launched 11 projects, and Binghatti, which introduced nine.
Conclusion: A Thriving Real Estate Landscape
In conclusion, Dubai’s residential property market is experiencing significant momentum characterized by a healthy mix of luxury and affordable transactions. This balanced demand not only indicates a vibrant market but also reflects the ongoing appeal of Dubai as a global real estate investment destination. With various developers making substantial strides across segments, the emirate’s market shows no signs of slowing down. Investors and end-users alike find themselves presented with diverse options, painting a promising picture for the future of Dubai real estate.
